A young couple buying their first home borrow $65,000 for 30years at 7.4%, compounded monthly, and make payments of $450.05.After 5 years, they are able to make a one-time payment of $2000along with their 60th payment.
(a) Find the unpaid balance immediately after they pay the extra$2000 and their 60th payment. (Round your answer to the nearestcent.) $
(b) How many regular payments of $450.05 will amortize theunpaid balance from part (a)? (Round your answer to the nearestwhole number.) -this answer is in payments not $
(c) How much will the couple save over the life of the loan bypaying the extra $2000? (Use your answer from part (b). Round youranswer to the nearest cent.) the answer is not  2395.
