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| rev | Admin | (Created page with "'''Solution: C''' The original monthly payment is <math display = "block">85,000 /a_{\overline{240}|0.005}</math>. On July 1, 2009 there has been 4 years of payments, hence 16x12 = 192 remaining payments. The outstanding balance is The number of remaining payments after refinancing is determined as <math display = "block"> 608.97a_{\overline{240}|0.005} = 608.97(123.2380) = 75, 048.24. </math> The number of remaining payments after refinancing is determined as <math...") | Nov 19'23 at 0:57 | +886 |