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Scenario 2An investor obtained a fully amortizing mortgage 5 years ago for$95,000 at 11% for 30 years. Mortgage rates have dropped, so that asimilar 25-year

Scenario 2An investor obtained a fully amortizing mortgage 5 years ago for$95,000 at 11% for 30 years. Mortgage rates have dropped, so that asimilar 25-year loan can be obtained at 10%. There is no 1 answer

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