Given the following information calculate the net benefit of refinancing ( note the benefit may be negative
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Given the following information calculate the net benefit of refinancing note the benefit may be negative or positive A home owner has and outstanding mortgage with a remaining term of years, a remaining balance of $ current payment of $ and an interest rate of The home owner is able to refinance this loan at the same term, but with a new rate of The expected refinancing charges will be of the loan amount. The home owner is expecting to move when they retire in ten years.
Related Book For
Differential Equations And Linear Algebra
ISBN: 9780134497181
4th Edition
Authors: C. Edwards, David Penney, David Calvis
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