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Kerry Has a $1,973 Per Month Mortgage Payment

question 12

Short Answer

Kerry has a $1,973 per month mortgage payment. He decides to refinance his $204,000 balance at 5% over 20 years. What is his new monthly payment?


Definitions:

Logos

Aristotelian concept of logic in argumentation.

Argumentation

The process of constructing, presenting, and evaluating arguments to convince others or defend a position.

Dramatistic Analysis

A method of analysis in literary theory and communication studies that views life as a drama and seeks to understand narrative and motives.

Agency

In Burke’s dramatistic analysis, the means by which an act takes place.

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