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1. [10 points] Century Zoom, Inc. has decided to refinance the mortgage on one of its administrative buildings. The company plans to borrow whatever is
1. [10 points] Century Zoom, Inc. has decided to refinance the mortgage on one of its administrative buildings. The company plans to borrow whatever is outstanding on its current mortgage. The current monthly payment is $2,356 and the company has made every payment on time. The original term of the mortgage was 30 years, and the mortgage is exactly four years and eight months old. The company has just made its monthly payment. The mortgage interest rate is 6 %%. (APR). How much does the company owe on the mortgage today
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