- 46 0 09 Points Details Harmathap12 6 5 025 Ep My Notes A Couple Who Borrow 80 000 For 30 Years At 6 Compounded 1 (22.25 KiB) Viewed 97 times
46. (-/0.09 Points) DETAILS HARMATHAP12 6.5.025.EP. MY NOTES A couple who borrow $80,000 for 30 years at 6%, compounded
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46. (-/0.09 Points) DETAILS HARMATHAP12 6.5.025.EP. MY NOTES A couple who borrow $80,000 for 30 years at 6%, compounded
46. (-/0.09 Points) DETAILS HARMATHAP12 6.5.025.EP. MY NOTES A couple who borrow $80,000 for 30 years at 6%, compounded monthly, must make monthly payments of $479.64. (a) Find their unpaid balance after 1 year. (Round your answers to the nearest cent.) (b) During that first year, how much do they pay towards the principle? (Round your answer to the nearest cent) $ During that first year, what are their total payments? (Round your answer to the nearest cont.) 5 During that first year, how much interest do they pay? (Round your answer to the nearest cent.) $ Need Help?