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Two years ago you took out a $200,000 mortgage, with a 30 year fixed rate of 6.35%, having monthly payments of $1,244.47. Rates have dropped

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Two years ago you took out a $200,000 mortgage, with a 30 year fixed rate of 6.35%, having monthly payments of $1,244.47. Rates have dropped and you are considering a refinance. How much do you still owe on your home after 2 years (24 payments)? a. $165,154.80 b. $175,724.98 c. $170,132.69 d. $191,739.54 e. $195,249.98

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