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pls show all steps A large loan is to be repaid over 25 years with monthly payments. After 3 years, the outstanding balance of the
pls show all steps 
A large loan is to be repaid over 25 years with monthly payments. After 3 years, the outstanding balance of the loan is $96,329.18 and the loan is refinanced at j12=6%. If the new monthly payment is $700, what refinancing penalty was assessed? You are given: a2641.005=146.3969. A. $12,315.63 B. $6148.65 C. $3670.82 D. $8644.80 Step by Step Solution
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Professionals Handbook Of Financial Risk Management
Authors: Lev Borodovsky, Marc Lore
1st Edition
0750641118, 978-0750641111
