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. Problem 21-14 Mortgage Prepayments (LO2, CFA2) A homeowner took out a 25-year fixed-rate mortgage of $215,000. The mortgage was taken out 9 years ago

. Problem 21-14 Mortgage Prepayments (LO2, CFA2) A homeowner took out a 25-year fixed-rate mortgage of $215,000. The mortgage was taken out 9 years ago at a rate of 7.15 percent. If the homeowner re...

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