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A young couple buying their first home borrow. $85,000 for 30 years at 7.4%, compounded monthly, and make payments of $588.52. After 4 years, they

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A young couple buying their first home borrow. $85,000 for 30 years at 7.4%, compounded monthly, and make payments of $588.52. After 4 years, they are able to make o one-time payment of $2,000 along with their 4 sth payment (a) Find the unpaid balance immedately after they pay the extra $2,000 and their 48 th payment. (Round your answer to the nearest cent.) 3 (b) How many regular payments of $568.52 will amortize the unpaid balance from part (a)? Give the answer to one decimal point: payments (c) How. much will the remaining debt be after the number of full psyment periods in part (b) is made? (Reund your answer to the nearest cent.) s. $ How much extra must be induded wath the last full payment to pay off the debl? (Round your answer to the nearest cent.) 14 (d) How much will the couple pay over the life of the loan by paying the extra 52,000 ? (Round your answer to the nearest cent:) (5) (e) How much wal the couple save over the life of the loan by paying the extra $2,0002 (Use your answer from bart (b). Round your answer to the nearest cent). 4

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