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Ron starts with a $100,000 mortgage at 8% for 30 years, annual payments. Ten year into the mortgage Ron is able to refinance th...Asked by Don
Ron starts with a $100,000 mortgage at 8% for 30 years, annual payments. Ten year into the mortgage Ron is able to refinance the balance of the mortgage at 6%.
a) If he chooses to refinance for 20 years what would his new payments be?
a) If he chooses to refinance for 20 years what would his new payments be?
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