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25. Considering the following information, what is the NPV if the borrower refinances the loan? Expected holding period: 15 years, Current loan balance: $100,000, Current

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25. Considering the following information, what is the NPV if the borrower refinances the loan? Expected holding period: 15 years, Current loan balance: $100,000, Current loan interest: 9%, New loan interest: 7.5%, Cost of refinancing: $4,250 A. $5,003 B. $1,014 C. $5,163 D. $9,413

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