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A couple who borrow $90,000for30years at6%, compounded monthly, must make monthly payments of $539.60. (Round your answers to the nearest cent.) (a) Find their unpaid
A couple who borrow $90,000for30years at6%, compounded monthly, must make monthly payments of $539.60. (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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