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Five years ago you took out a 3 0 - year mortgage with an APR of 7 . 6 % for $ 1 9 9

Five years ago you took out a 30- year mortgage with an APR of 7.6% for $199,000. If you were to refinance the mortgage today for 20 years at an APR of 5.35%, how much would you save in total interest expense?
A. $171,285
B. $228,380
C. $57,095
D. $114,190
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