Please show all work and solutions that you would use. Please dont only use excel A. You purchased a home 9 years ago fo

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answerhappygod
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Please show all work and solutions that you would use. Please dont only use excel A. You purchased a home 9 years ago fo

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Please show all work and solutions that you would use. Pleasedont only use excel
A. You purchased a home 9 years ago for $150,000 andborrowed the entire amount from Broadway Bank at an APR of 6% withmonthly payments. The original maturity of your mortgage was30 years when you purchased the home.
B. Suppose you refinance with an APR of 3%, what is your newpayment?
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