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our long term debt represents the remaining balance on a 30 year loan taken out in 1994 at 13 % with options to refinance every

our long term debt represents the remaining balance on a 30 year loan taken out in 1994 at 13 % with options to refinance every 10 years . if we refinance for the remaining 10 years at 7% , how much interest expense will we save over the remainder of the loan?current portion of long term debt in 2013 is 2,151,000 $

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