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A young executive is going to purchase a vacation property for investment purposes. She needs to borrow $87,000.00 for 30 years at 5.4% compounded

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A young executive is going to purchase a vacation property for investment purposes. She needs to borrow $87,000.00 for 30 years at 5.4% compounded monthly, and will make monthly payments of $488.53. (Round all answers to 2 decimal places.) A) What is the unpaid balance after 11 months? Answer = $ (Round to the nearest cent/penny) B) During this time period, how much interest did she pay? Answer = S (Round to the nearest cent/penny)

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