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A person purchased a ?$225,947 home 10 years ago by paying 10?% down and signing a? 30-year mortgage at ?%10.5 compounded monthly. Interest rates have

A person purchased a ?$225,947 home 10 years ago by paying 10?% down and signing a? 30-year mortgage at ?%10.5 compounded monthly. Interest rates have dropped and the owner wants to refinance ...

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