document.write( "Question 1189735: A person purchased a $198741 home 10 years ago by paying 20% down and signing a 30-year mortgage at 11.4% compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 20-year mortgage at compounded 6.6% monthly. How much interest will refinancing save?\r
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document.write( "Money Saved: $\r
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document.write( "Please Help! Thank you :) \n" );
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Algebra.Com's Answer #821171 by ikleyn(52784)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "It is written to inform you that at this forum we do teach Math.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "At this forum, we do not teach Finance and do not consult in Finance.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "From your side, it requires some intellectual skills to distinct, which problem \n" ); document.write( "relates to Math and can be solved at this forum, \n" ); document.write( "and which one relates to Finance and can not be solved here.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So, it requires some IQ level to make a right decision.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Have a nice day / nigh / morning / afternoon / tea time / evening ( ! )\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |