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4. ** BONUS: Nine years ago, Ann entered into a $34,000 mortgage loan of 20-year and at a fixed rate of 12% p.a. (compounding monthly)

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4. ** BONUS: Nine years ago, Ann entered into a $34,000 mortgage loan of 20-year and at a fixed rate of 12% p.a. (compounding monthly) with HSBC. Ann decides to refinance her loan with ANZ who offers 10% p.a. (compound monthly) for mortgage loan. There is no cost associated with this refinancing. What is her monthly savings from this refinancing?" $30.12 $17.46 $32.31 not be able to determine

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