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Question 8 0/1 pt 9 3 49 0 Details Ariana and Raquel took out a 30 year mortgage for $383,000 at the APR of 11.7%,

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Question 8 0/1 pt 9 3 49 0 Details Ariana and Raquel took out a 30 year mortgage for $383,000 at the APR of 11.7%, compounded monthly. After they had made 12 years of the payments (144 payments) they decide to refinance the remaining loan balance for 20 years at the APR of 7.4%, compounded monthly. What will be the balance on their loan 5 years after the refinance? Submit Question Question 9 0/1 pt 9 3 49 0 Details Marissa borrowed $26,000 to buy her RV. The loan is for 12 years of equal montly payments at the APR of 7.5%. How much of her 48th payment goes to interest? S How much interest will Marissa pay during the 8th year of her loan? Submit

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