Question: Consider a 2 0 - year mortgage for $ 1 5 0 , 0 7 9 at an annual interest rate of 4 . 4

Consider a 20-year mortgage for $150,079 at an annual interest rate of 4.4%. After 6 years, the mortgage is refinanced to an annual interest rate of 2.9%. What are the monthly payments after refinancing?

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