11. [-78.33 Points] DETAILS TANFIN10 5.3.026. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Jessica wants to accumulate $13,000 by the end of 6 years in a special bank account, which she had opened for this purpose. To achieve this goal, Jessica plans to deposit a fixed sum of money into the account at the end of the month over the 6-year period. If the bank pays interest at the rate of 6% per year compounded monthly, how much does she have to deposit each month into her account? (Round your answer to the nearest cent.) 12. [-/8.37 Points] DETAILS TANFIN10 5.3.041. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The Sandersons are planning to refinance their home. The outstanding principal on their original loan is $140,000 and was to amortized in 240 equal monthly installments at an interest rate of 12%/year compounded monthly. The new loan they expect to secure is to be amortized over the same period at an interest rate of 7%/year compounded monthly. How much less can they expect to pay over the life of the loan in interest payments by refinancing the loan at this time? (Round your answer to the nearest cent.) Submit