Consider a 20-year mortgage for $178,739 at an annual interest rate of 5.2%. After 6 years,...
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Consider a 20-year mortgage for $178,739 at an annual interest rate of 5.2%. After 6 years, the mortgage is refinanced to an annual interest rate of 2.5%. What are the monthly payments after refinancing? Consider a 20-year mortgage for $178,739 at an annual interest rate of 5.2%. After 6 years, the mortgage is refinanced to an annual interest rate of 2.5%. What are the monthly payments after refinancing?
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