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1) Calculate the monthly payments on a home loan for $200,000 ar an APR of 5.1% if...

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Advance Math

1)Calculate the monthly payments on a home loan for $200,000 ar anAPR of 5.1% if the loan is for 30 years.

Suppose you are able to refinance your loan after 10 years foran APR of 4 %. What are your new payments?

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