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Mathematics, 21.05.2020 17:58 leoiscoolcool

Carol has had a $145,000 fixed mortgage for 5 years at 5.5% 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 mortgage for 5 years at 5.5% and is

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