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12. You and your spouse have just refinanced your home mortgage because your skillful mortgage broker brought the rate down to 4.75% on the $575,000

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12. You and your spouse have just refinanced your home mortgage because your skillful mortgage broker brought the rate down to 4.75% on the $575,000 due to the bank. There were no closing costs, and no increase in the total amount of debt outstanding. Compute the total interest payments over the 30 year term of the mortgage, assuming monthly payments

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