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Fve years ago, you acquired a 30 -year loan of $130,950, charging 6.6% annual interest, compounded monthly, and requiring manthily payments. At this time, interest

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Fve years ago, you acquired a 30 -year loan of $130,950, charging 6.6% annual interest, compounded monthly, and requiring manthily payments. At this time, interest rates on 15 -year loans have dropped to 2.1% AfR, compounded monthly, and you wish to refinance what you stis owe with a hew loan at this new rote. (a) How much (in dollars) will you be refinancing? Round your answer to the nearest dollar. (b) How much (in dollars) wifi your new monthly payment be after refinancing? Round your answer to the nearest cent. x

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