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Today the investor decides to refinance the loan using a 15 year rate of 3.2%. The refinancing has upfront costs of $10,000 which are added
Today the investor decides to refinance the loan using a 15 year rate of 3.2%. The refinancing has upfront costs of $10,000 which are added to the amount of the new loan. What are the new monthly payments? 10 points
Calculate the IRR of refinancing the loan versus keeping the old payments. Assume she keeps the land for 30 years from the time of the original purchase
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