3. A loan officer told them that they can (1) refinance the remaining $14, 900 amount on the Honda Accord at 12% over 4 yrs, (2) refinance the remaining S8600 loan amount on the Ford truck at 12% over 3 yrs.,$121,850 loan amount on their home at 5% over 30 yrs., and reduce their car insurance payments by $28 per month. Complete the following table: ITEM Current Loan Amount New interest Rate New Term Of Loan New Monthly Payment Honda Accord 12% 4 yrs. $14,900 $8,600 Ford Truck 12% 3 yrs. Home $121,850 5% 30 yrs Home Equity $4,500 12% 3 yrs. Car Insurance Health Insurance Total Source: Fictitious data, for illustration purposes only 4. Find the reduction in their monthly payments. 3. A loan officer told them that they can (1) refinance the remaining $14, 900 amount on the Honda Accord at 12% over 4 yrs, (2) refinance the remaining S8600 loan amount on the Ford truck at 12% over 3 yrs.,$121,850 loan amount on their home at 5% over 30 yrs., and reduce their car insurance payments by $28 per month. Complete the following table: ITEM Current Loan Amount New interest Rate New Term Of Loan New Monthly Payment Honda Accord 12% 4 yrs. $14,900 $8,600 Ford Truck 12% 3 yrs. Home $121,850 5% 30 yrs Home Equity $4,500 12% 3 yrs. Car Insurance Health Insurance Total Source: Fictitious data, for illustration purposes only 4. Find the reduction in their monthly payments