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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 year mortgage for $ at the APR of compounded monthly.
a What will their monthly payments be
Round balance to the nearest cent.
$
b After they had made years of the payments payments they decide to refinance the remaining loan balance. What is the balance remaining on the original loan of $
Round balance to the nearest cent.
$
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