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Any help is appreciated! Thank you in advance. Five years ago, you acquired a 30-year loan of $280,350, charging 5.8% annual interest, compounded monthly, and

Any help is appreciated! Thank you in advance.
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Five years ago, you acquired a 30-year loan of $280,350, charging 5.8% annual interest, compounded monthly, and requiring monthly payments. At this time, interest rates on 20-year loans have dropped to 3.9% APR, compounded monthly, and you wish to refinance what you still owe with a new loan at this new rate. a. How much will you be refinancing Round your answer to the nearest dollar. Amount Refinancing: S 181652 b. How much will your new monthly payment be after refinancing Round your answer to the nearest cent. New Monthly Payment: $ 1901.23

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