Final Each question is worth 4 points. MULTIPLE CHOICE. Choose the one alternative that best completes the statement UI 1) Five years ago you took out a 30- year mortgage with an APR of 8.10% for $186,000. If you were to refinance the morngage today for 20 years at an APR of 5.85%, how much would you save in total interest expense? A) S225 354 C) $169,016 D) S112,677 B) $56,339 nt inflation rate is 2.7%, then the nominal rate necessary for you to earn a(n) 6.0% real 2) tis closest to 12.4% D) 8.9% ach question S wor IULTIPLE CHOICE. Choose the one alternative that best completes the statemenmor 1) – 1) Five years ago you took out a 30- year mortgage with an APR of 8.10% for $186,000. If you were to refinance the mortgage today for 20 years at an APR of 5.85%, how much would you save in total interest expense? A) S225,354 B) $56,339 C) $169,016 D) S112,677

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