Consider a 30-year mortgage for $383,325 at an annual interest rate of 5.3%. After 12...
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Accounting
Consider a 30-year mortgage for $383,325 at an annual interest rate of 5.3%. After 12 years, the mortgage is refinanced to an annual interest rate of 3.5%. How much interest is paid on this mortgage?
Round your answer to the nearest dollar.
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