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A couple who borrow $70,000 for 25 years at 8.4%, compounded monthly, must make monthly payments of $558.95. (Round your answers to the nearest cent.)

A couple who borrow $70,000 for 25 years at 8.4%, compounded monthly, must make monthly payments of $558.95. (Round your answers to the nearest cent.) Find their unpaid balance after 1 year. During that first year, how much interest do they pay

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