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You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment $3,120 and you

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You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment $3,120 and you have made every payment on time The original sorm of the mortgage was 30 years, and the mongage is exactly four years and eight months old You have just made your monthly payment. The mortgage Interest rate is 6.750%. (APR). How much do you owe on the mortgage today? Be care not to mound any informed stops less than six decimal places) The amount you owe today in $Round to the nearest dolar) You have an outstanding student loan with required payments of $500 per month for the next four years. The Wrestle on the loan is 8% APR (compounded monthly Now that you realize your best investment is to prepay your student loan, you decide to prepay as much as you can each month. Looking at your budget you can afford to pay an extra $200 a month in addition to your required monthly payments of $500. or 5700 in total ach month. How long will take you to pay off the loan? (Note: Be careful not to round any intermediate sepsis than six decimas) The number of mantha pay of the learn Round to two decimal places

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