A borrower is considering refinancing and finds that the return,considering refinancing charges and lower payments,is 10%.The borrower can earn 12% on alternative investments so the property should be refinanced.

Question

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The borrower should not refinance if they can earn 12% on alternative investments and the return from refinancing is only 10%. It would be more profitable for them to invest their money elsewhere.

A Borrower Is Considering Refinancing and Finds That the Return,considering