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A young executive is going to purchase a vacation property for investment purposes. She needs to borrow $90,000.00 for 27 years at 5.6% compounded monthly,
A young executive is going to purchase a vacation property for investment purposes. She needs to borrow $90,000.00 for 27 years at 5.6% compounded monthly, and will make monthly payments of $539.32. (Round all answers to 2 decimal places.) What is the unpaid balance after 14 months? \$ During this time period, how much interest did she pay? \$
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