Question: Your client has a $400,000 3.75% variable rate mortgage with 24 months remaining in its term and an amortization of 17 years. Interest rates are

Your client has a $400,000 3.75% variable rate mortgage with 24 months remaining in its term and an amortization of 17 years. Interest rates are currently 3.0% . What would bethe prepayment charge?

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