Question
Consider a 20-year mortgage for $143,871 at an annual interest rate of 5.5%. After 11 years, the mortgage is refinanced to an annual interest rate
Consider a 20-year mortgage for $143,871 at an annual interest rate of 5.5%. After 11 years, the mortgage is refinanced to an annual interest rate of 2.9%. What are the monthly payments after refinancing?
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Finance
Authors: Ehsan Nikbakht, A A Groppelli
6th Edition
0764147595, 9780764147593
