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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 is $2356 and

you have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $2356 and you have made every payment on time. The original term of the mortgage was 30 years, and the mortgage is exactly 4 years and eight months old. You have just made your monthly payment. The mortgage interest rate is 7.500% APR. How much do you owe on the mortgage today?

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