19. (-/4 Points DETAILS HARMATHAP126.5.025.EP. MY NOTES PRACTICE ANOTHER A couple who are $100.000 for 10 years at, compounded, must make monthly payments of $59.55 (a) Fund the wood balance after 1 year. (Round your answers to the nearest cont.) (b) During that first year how much do they pay towards the prinople? (Hound your newer to the nearest.com $ During that first year, what are their total payments (Round your answer to the nearest) During that first year how much interest do they pay (end your awr to the nearest) 5 Need Help? Show My Work |-/3 points DETAILS HARMATHAP12 6.5.020. MY NOTES PRACTICE ANOTHER John Fare purchased 512,000 worth of equipment by making a $2000 down payment and promising to pay the remainder of the cost in semiannual payments over the next 4 years. The interest rate on the debt is 8%, compounded semiannually. Find the following (Round your answers to the nearest cent) (a) the size of each payment 5 (b) the total amount paid over the title of the loan (c) the total interest paid over the life or the loan Need Help? Show My Work views Show My Work (Optional M 19. [-14 Points) DETAILS HARMATHAP12 6.5.025.EP. A couple who borrow $100,000 for 30 years at 6%, compounded monthly, must make monthly payments of $599 55. (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 cent.) $ During that first year, how much interest do they pay? (Round your answer to the nearest cent.) $ Need Help? Read Show My Work 0 D C Type bere to search 1-/3 Points) DETAILS HARMATHAP12 6.5.020. MY NOTES PRACTICE ANOTHER John Fare purchased $12,000 worth of equipment by making a $2000 down payment and promising to pay the remainder of the cost in prints over the next 4 years. The interest rate on the debt is 8%, compounded semiannually. Find the following. (Round your answers to the nearestent) (a) the size of each payment (b) the total amount paid over the life of the loan (c) the total interest paid over the life of the loan $ Need Help? Show My Work