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Question 28 1 pt You currently have a 30-year fixed-rate mortgage financed at 7.25% on a $205,000 home. There are 17 years remaining on the

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Question 28 1 pt You currently have a 30-year fixed-rate mortgage financed at 7.25% on a $205,000 home. There are 17 years remaining on the mortgage. Your banker friend tells you that for a small fee (2.53% of the principal borrowed), you can refinance the remaining balance of your mortgage at a fixed rate of 4.75% for 17 years. What is the present value of the benefit (net savings) to refinancing? Round your answer to two decimal places. 1 pts Question 18 1 pts You wish to establish an endowment fund that will generate a $3,000 scholarship each year perpetually. You make annual deposits, with the first one today and the final one in 5 years. If the first scholarship is to be given one year after your last deposit and the savings rate is 5.75% compounded annually, how much is each deposit? Round your answer to two decimal places. Question 28 1 pt You currently have a 30-year fixed-rate mortgage financed at 7.25% on a $205,000 home. There are 17 years remaining on the mortgage. Your banker friend tells you that for a small fee (2.53% of the principal borrowed), you can refinance the remaining balance of your mortgage at a fixed rate of 4.75% for 17 years. What is the present value of the benefit (net savings) to refinancing? Round your answer to two decimal places. 1 pts Question 18 1 pts You wish to establish an endowment fund that will generate a $3,000 scholarship each year perpetually. You make annual deposits, with the first one today and the final one in 5 years. If the first scholarship is to be given one year after your last deposit and the savings rate is 5.75% compounded annually, how much is each deposit? Round your answer to two decimal places

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