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09-12-2022
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A couple who borrow $90,000 for 25 years at 6%, compounded monthly, must make monthly payments of $579.87 . (Round your answers to the nearest cent.)
(a) Find their unpaid balance after 1 year.

(b) During that first year, how much interest do they pay?
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A couple who borrow 90000 for 25 years at 6 compounded monthly must make monthly payments of 57987 Round your answers to the nearest cent a Find their unpaid ba class=

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