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Consider a 20 -year mortgage for $119,375 at an annual interest rate of 5.2%. After 12 years, the mortgage is refinanced to an annual interest

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Consider a 20 -year mortgage for $119,375 at an annual interest rate of 5.2%. After 12 years, the mortgage is refinanced to an annual interest rate of 2.1%. What are the monthly payments after refinancing? Round your answer to the nearest dollar

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