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23. You are refinancing your original loan from five years ago today. Sixty months have passed. It was for $150,000 at 5% for 30 years;
23. You are refinancing your original loan from five years ago today. Sixty months have passed. It was for $150,000 at 5% for 30 years; you are refinancing today at 4% for the remaining 25 years. What is your new monthly mortgage payment? ONEXAM A) $877 B) $805 C) $658 D) $727 I E) $739 24. You need to borrow $23,000 to buy a truck. The current loan rate is 7.9% compounded monthly and you want to pay the loan off in equal monthly payments over 5 years. What is the size of your monthly payment
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