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A young couple buying their first home borrow $ 7 0 , 0 0 0 for 3 0 years at 7 . 5 % ,
A young couple buying their first home borrow $ for years at compounded monthly, and make payments of $ After years, they are able to make a onetime payment of $ along with their th payment.
a Find the unpaid balance immediately after they pay the extra $ and their th payment. Round your answer to the nearest cent.
$
Incorrect: Your answer is incorrect.
b How many regular payments of $ will amortize the unpaid balance from part aRound your answer to the nearest whole number.
Incorrect: Your answer is incorrect.
payments
c How much will the couple save over the life of the loan by paying the extra $Use your answer from part b Round your answer to the nearest cent.
$
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