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What are your monthly payments for the last years

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Reference no: EM132195306

Question - Suppose you take out a 30-year mortgage for $217396 at an annual interest rate of 6.9%. After 9 years, you refinance to an annual rate of 4.1%. When there are 9 years left on the loan, you refinance again to an annual rate of 2.3%. What are your monthly payments for the last 9 years? Round your answer to the nearest dollar.

Reference no: EM132195306

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