mwepaola mwepaola
  • 24-04-2024
  • Mathematics
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A young executive is going to purchase a vacation property for investment purposes. She needs to borrow $116,000.00 for 30 years at 5.7% compounded monthly, and will make monthly payments of $673.26. If needed, round to 2 decimal places.

a) What is the unpaid balance after 15 months? $


b) During this time period, how much interest did she pay? $

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