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A borrower hat secured a 30 year, $150,000 loan ar 7 with monthly payments. Fifteen years later, the borrower has the opportunity to refinance with

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A borrower hat secured a 30 year, $150,000 loan ar 7 with monthly payments. Fifteen years later, the borrower has the opportunity to refinance with a fifteen year mortgage at 6 However, the up front fees which will be paid in cash are 55 500. What is the return on investment of the borrower expects to remain in the home for the next fifteen years

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