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OpenStudy (anonymous):
Paula took out a 25-year mortgage for $130,000 for her home at an annual interest rate of 8%. She decided to refinance after 5 years. Assuming monthly payments, find the unpaid balance of the loan. (Do not round until the final answer. Then, round to the nearest cent.)
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OpenStudy (tkhunny):
You have to find the monthly payment.
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