Mathematics, 20.07.2020 02:01 anthonybowie99
A person purchased a $239,127 home 10 years ago by paying 15% down and signing a 30-year mortgage at 10.8% compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 20-year mortgage at 6 % compounded monthly. How much interest will refinancing save?
Answers: 2
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A person purchased a $239,127 home 10 years ago by paying 15% down and signing a 30-year mortgage at...
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