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dropped to 2.3% APR, compounded monthly, and you wish to refinance what you still owe with a new loan at this new rate. (a) How

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dropped to 2.3% APR, compounded monthly, and you wish to refinance what you still owe with a new loan at this new rate. (a) How much (in dollars) will you be refinancing? Round your answer to the nearest dollar. $ (b) How much (in dollars) will your new monthly payment be after refinancing? Round your answer to the nearest cent. $

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