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Five years ago you took a mortgage for $150,000 at 4.5% for 30 years, monthly payments. The loan was written with a five percent prepayment

Five years ago you took a mortgage for $150,000 at 4.5% for 30 years, monthly payments. The loan was written with a five percent prepayment penalty for the first eight years of the mortgage life. If you refinance the loan at the end of year 5, what is your payoff?

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