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Assuming in Q 1 your uncle re - finances his mortgage in 4 years, when the APR on a new 1 5 - year loan

Assuming in Q1 your uncle re-finances his mortgage in 4 years, when the APR on a new 15- year loan is 4.8%, please re-compute his monthly PMT...using the initial loan (PV) amount as being the ending balance from the original loan (48th month).

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