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Your mortgage has 27 years aft, and has an APR of 7.8415 with monthly payments of $1.449 What is the outstanding balance? b. Suppose you

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Your mortgage has 27 years aft, and has an APR of 7.8415 with monthly payments of $1.449 What is the outstanding balance? b. Suppose you cannot make the mortgage payment and you are in danger of losing your house to foreclosure. The bank has offered to renegotiate your loan. The bank expects to get $10 224 for the house if it forecloses. They will lower your payment as long as they will receive at least this amount in present a terma) current 27-year mortgage interest rates have dropped to 5.097% (APR), what is the lowest mon payment you could make for the manage of your lan that would be the bar

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