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Salom and Gage take out a 3 0 year mortgage for $ 3 6 7 , 0 0 0 at the APR of 8 .

Salom and Gage take out a 30 year mortgage for $367,000 at the APR of 8.6%, compounded monthly.
(a) What will their monthly payments be?
(Round balance to the nearest cent.)
$
(b) After they had made 13 years of the payments (156 payments) they decide to refinance the remaining loan balance. What is the balance remaining on the original loan of $367,000?
(Round balance to the nearest cent.)
$

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