Question
Your friend bought a home and the amount he financed with a 30 year mortgage was $125,000. Due to his credit and the economy
Your friend bought a home and the amount he financed with a 30 year mortgage was $125,000. Due to his credit and the economy the rate on the mortgage is 3.28%. After 180 months of payments he is considering refinancing the mortgage. What is the amount he would need to borrow on the new mortgage? Give your answer in whole numbers with no decimal places and no dollar sign but be sure to submit your answer as negative if needed.
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Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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