A couple borrowed 184000 to buy a condominium their loan, Engineering Mathematics

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A couple borrowed 184000 to buy a condominium their loan

Question: A couple borrowed $184,000 to buy a condominium. Their loan was for 25 years and money is worth 6%, compounded monthly.

(a) Find their monthly payment size.

(b) Find the total amount they would pay over 25 years.

(d) Find the unpaid balance after 7 years.

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Engineering Mathematics: A couple borrowed 184000 to buy a condominium their loan

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Engineering Mathematics: A couple borrowed 184000 to buy a condominium their loan

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