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You currently have a 8 . 7 0 % mortgage with a remaining term of 1 0 years and a remaining balance of $ 1
You currently have a mortgage with a remaining term of years and a remaining balance of $ You can refinance this loan at an interest rate of but it will cost you $ in closing costs. You plan to own the property for more years. Given the above information, answer the below question:
What is the NPV of refinancing?
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