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Refinancing Possibilities Assignment | Homework For You

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December 4th, 2019

Brady and Karen Hansen are checking out refinancing possibilities for their home loan (a principal balance of about $150,000) and discussing the pros and cons of a 30-year mortgage at 4.5% compounded monthly versus a 15-year mortgage at 4.25% compounded monthly.

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They find that the difference in total interest(between the 30-year and the 15-year mortgage) would be. Get Economics homework help today

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