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QUESTION 18 Ann got a 30 year FRM with annual payments equal to $12,000 per year. After 2 years of payments Ann will refinance the

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QUESTION 18 "Ann got a 30 year FRM with annual payments equal to $12,000 per year. After 2 years of payments Ann will refinance the balance into a 28 year FRM with annual payments equal to $10,000 per year. Refinancing will cost Ann $2,500. Ann will prepay the new loan 3 years after refinancing. She will save $4,000 on her loan balance when she prepays. What is Anns annualized IRR from refinancing?" TT TT Paragraph Arial 3 (12pt) T * DOO T'T S Mashup 16 HTML CSS Path:P Words:0

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