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Question 12 O pts BONUS: Fifteen years ago you borrowed $200,000 for 30 years at 6.25% interest (monthly payments) to purchase a home. Interest rates

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Question 12 O pts BONUS: Fifteen years ago you borrowed $200,000 for 30 years at 6.25% interest (monthly payments) to purchase a home. Interest rates have dropped and 15-year mortgage rates are at 3%. However, it will cost you $5,000 to complete the refinance. (origination fee, appraisal, title insurance, etc.) Answer the following questions and clearly label your answers 1. What was your original payment? 2. What would your new payment be? 3. What is the rate of return on the refinance given that you have to invest $5.000 in order to receive the paymen savings? (it is very high) Table Edit Insert Format Tools De 12pt Paragraph BIU A 2. Top

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