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Question 20 5 pts You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current
Question 20 5 pts You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $2,790 and you have made every payment on time. The original term of the mortgage was 30 years, and the mortgage is exactly four years and eight months old. You have just made your monthly payment. The mortgage interest rate is 6.336% (APR). How much do you owe on the mortgage today? O 421,921 421,821 423.821 421,831 Question 19 5 pts You are interested in purchasing a new automobile that costs $35,000. The dealership offers you a special financing rate of 6% APR compounding monthly for 48 months. Assuming that you do not make a down payment on the auto and you take the dealer's financing deal, then your monthly car payments would be closest to: $842 $729 $822 $647
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