Question
After owning his home for 4 years, Braxton wants to refinance his mortgage interest rate from 4.5% to 3.75%. If his current mortgage payment on
After owning his home for 4 years, Braxton wants to refinance his mortgage interest rate from 4.5% to 3.75%. If his current mortgage payment on his 20-year mortgage is $2,636.72 and he will refinance the unpaid balance for 30 years, what is Braxton's new monthly payment (in dollars)?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
