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Mathematics, 06.05.2020 03:07 MewsicBox9165

Carol has had a $145,000 fixed-rate mortgage for 5 years at 6.25% and is
considering refinancing. She can now get an 80/20 mortgage with 4.5% and
9.5% interest, respectively. Based only on this information, should she
refinance?

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Carol has had a $145,000 fixed-rate mortgage for 5 years at 6.25% and is
considering refinanci...

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