Question: **Will leave positive feedback if the answer is clear, correct and readable. Please answer FULL question. A-B** A couple who borrow $70,000 for 30 years

**Will leave positive feedback if the answer is clear, correct and readable. Please answer FULL question. A-B**

A couple who borrow $70,000 for 30 years at 6%, compounded monthly, must make monthly payments of $419.69. (Round your answers to the nearest cent.)

(a) Find their unpaid balance after 1 year. $ (b) During that first year, how much interest do they pay? $

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