Question: A borrower is repaying a $ 9 1 0 0 0 loan at 7 . 3 % / year compounded moenthly with monthly payments over

A borrower is repaying a $91000 loan at 7.3%/year compounded moenthly with monthly payments over 24 years. Just after the 72 th payment he has the loan refinanced at 5.3%y year compounded monthly. If the number of payments remains unchanged, what will be lhe new montthy parmen? (Cinter the value corly, do NOT add a $ sign)
Answer:
A borrower is repaying a $ 9 1 0 0 0 loan at 7 .

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