Question: 10. O -/1 points HarMathAp12 6.5.040. This problem is a complex financial problem that requires several skills, perhaps some from previous sections My Notes Clark

10. O -/1 points HarMathAp12 6.5.040. This problem is a complex financial problem that requires several skills, perhaps some from previous sections My Notes Clark and Lana take a 30-year home mortgage of $126,000 at 7.7%, compounded monthly. They make their regular monthly payments for 5 years, then decide to pay $1300 per month (a) Find their regular monthly payment. (Round your answer to the nearest cent.) (b) Find the unpaid balance when they begin paying the $1300. (Round your answer to the nearest cent.) (c) How many payments of $1300 will it take to pay off the loan? Give the answer correct to two decimal places monthly payments (d) Use your answer to part (c) to find how much interest they save by paying the loan this way. (Round your answer to the nearest cent.) Need Help? Read It Watch it Talk to a Tutor Submit Assignment Save Assignment Progress MacBook Air esc co.- 20 800 F4 F9 % $ 2 3 LO 6 8 9 dele A W E R Y A S F H

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