(1 point) Dave currently makes monthly payments towards a 23-year mortgage of $270000 with an interest rate of 16.8% compounded monthly. After making the 65th payment, Dave refinanced his mortgage at an interest rate of 7.2% compounded monthly and renegotiated his term. This resulted in Dave's monthly payments being reduced by $400. How large will Dave's final drop payment be? Answer: $ NOTE: When calculating a payment or outstanding balance, round appropriately and carry that value through further calculations. (1 point) Dave currently makes monthly payments towards a 23-year mortgage of $270000 with an interest rate of 16.8% compounded monthly. After making the 65th payment, Dave refinanced his mortgage at an interest rate of 7.2% compounded monthly and renegotiated his term. This resulted in Dave's monthly payments being reduced by $400. How large will Dave's final drop payment be? Answer: $ NOTE: When calculating a payment or outstanding balance, round appropriately and carry that value through further calculations