What is highest interest rate at which it would beneficial, Business Management

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What is highest interest rate at which it would beneficial

Problem

A homeowner took out a 20-year fixed-rate mortgage of $175,000. The mortgage was taken out 7 years ago at a rate of 6.75 percent If the homeowner refinances, the charges will be $2,850 What is the highest interest rate at which it would be beneficial to refinance the mortgage?

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Business Management: What is highest interest rate at which it would beneficial

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Business Management: What is highest interest rate at which it would beneficial

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