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Page 182 Question 2:- A 5-years, $6000 loan is being amortized with monthly payments at j12 = 10%. Just after making the 30th payment, the

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Page 182 Question 2:- A 5-years, $6000 loan is being amortized with monthly payments at j12 = 10%. Just after making the 30th payment, the borrower has the loan refinanced at j12 = 8% with the number of payments to remain unchanged. What will be the monthly savings in interests

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