Question
A couple took out a 25-year mortgage for $161,987 at 12% compounded monthly. After they had made 10 years of payments (120 payments), they decided
A couple took out a 25-year mortgage for $161,987 at 12% compounded monthly. After they had made 10 years of payments (120 payments), they decided to refinance the remaining loan balance for 20 years at 6% interest, compounded monthly. What will be the balance on their loan 5 years after they refinance?
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Million Air Exclusive Strategies For Pilots To Build Significant Wealth
Authors: Andy Garrison
1st Edition
1541383095, 978-1541383098
