You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on you current
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You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on you current mortgage. The current monthly payment is $1,700, and there are exactly 17 years left on the loan. The mortgage interest rate on your existing loan is 6% APR. How much do you owe on the mortgage today?
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Calculate the PV value of the mortgage loan Original loan is for 17 years 12 x 17m...View the full answer
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