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1 vote
Pamela has a 30-year, 5.75% mortgage on her $250,000 home. She has been

paying on it for 5 years, and has recently hit some financial trouble. If her
lender agreed to lower the interest rate on her $231,905.47 balance to 5.5%,
what will her new payment be for the remainder of the loan?

2 Answers

2 votes

Answer:1424.10

Explanation:

User Albert Bos
by
6.2k points
7 votes

Answer:

$1424.10

Explanation:

APEX is obnoxious, I understand.

User Rubs
by
7.1k points