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UUIU.LJ Index Show Intro/Instructions A young executive is going to purchase a vacation property for investment purposes. She needs to borrow $88,000.00 for 25 years

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UUIU.LJ Index Show Intro/Instructions A young executive is going to purchase a vacation property for investment purposes. She needs to borrow $88,000.00 for 25 years at 5.9% compounded monthly, and will make monthly payments of $561.62. (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? Points possible: 8 This is attempt 1 of 3

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