5. Suppose Ron refinances the loan at the end of month 48 at the prevailing interest rate in the market (8%). Rather than reducing his monthly payment, however, Ron decides to keep making the same monthly payments a. How many months must Ron continue to make the payments on this new ?? loan? b. By how many months has Ron shortened the term of the loan with this strategy? 5. Suppose Ron refinances the loan at the end of month 48 at the prevailing interest rate in the market (8%). Rather than reducing his monthly payment, however, Ron decides to keep making the same monthly payments a. How many months must Ron continue to make the payments on this new ?? loan? b. By how many months has Ron shortened the term of the loan with this strategy