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The Smiths have a $227,000 mortgage paid monthly and amortized over 25 years they chose a 7 year term with 4.35% compounded semiannually what will

The Smiths have a $227,000 mortgage paid monthly and amortized over 25 years they chose a 7 year term with 4.35% compounded semiannually what will their new monthly payments be when did renew downward gates at the hands of the seven year term if they renew at 6.7% compounded semiannually and amortize this new mortgage over 15 years

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