Paula took out a 25-year mortgage for 130000 for her home


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. Find the unpaid balance of the loan. (Do not round until the final answer. Then, round to the nearest cent.)

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Finance Basics: Paula took out a 25-year mortgage for 130000 for her home
Reference No:- TGS0627314

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