Question: This problem is a complex financial problem that requires several skills, perhaps some from previous sections. Clark and Lana take a 30-year home mortgage of

This problem is a complex financial problem that requires several skills, perhaps some from previous sections. Clark and Lana take a 30-year home mortgage of $129,000 at 7.1%, compounded monthly. They make their regular monthly payments for 5 years, then decide to pay $1000 per month.

b) Find the unpaid balance when they begin paying the $1000. (Round your answer to the nearest cent.)

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