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A couple who borrow $60,000 for 25 years at 8

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A couple who borrow $60,000 for 25 years at 8.4%, compounded monthly, must make monthly payments of $479.10. (a) Find their unpaid balance after 1 year. (Round your answers to the nearest cent.) 59262.90 (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 cent.) $ 5749.20 During that first year, how much interest do they pay? (Round your answer to the nearest cent.) $ 5012 10