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A couple who borrow $100,000 for 15 years at 6%, compounded monthly, must make monthly payments of $843.86. Round your answers to the nearest cent.)

A couple who borrow $100,000 for 15 years at 6%, compounded monthly, must make monthly payments of $843.86. Round your answers to the nearest cent.)

(a) Find their unpaid balance after 1 year.

(b) During that first vear. how much interest do they day?

image text in transcribed
A couple who borrow $100,000 for 15 years at 6%, compounded monthly, must make monthly payments of $843.86. (Round your answers to the nearest cent.) (a) Find their unpaid balance after 1 year. $ (b) During that first year, how much interest do they pay

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