In order to buy a vacation home Neal and Lilly took out a 10

Last updated: 7/18/2023

In order to buy a vacation home Neal and Lilly took out a 10 year mortgage for 150 000 at an annual interest rate of 8 After 7 years they refinanced the unpaid balance of 58 123 at an annual rate of 5 Use the table to find the monthly payments on the original loan the monthly payments on the new loan and the total amount saved on interest by refinancing Click the icon to view a table of monthly payments on a 1 000 loan The monthly payments on the original loan are Type an integer or a decimal