6. You have made 20 monthly payments of 1,500 on a 279,422 mortgage with an APR of 5 percent a. What is the loan balance? b. Total interest paid over the 20 months? c. The APR on new mortgages is 4 percent. i. Upon refinancing what is the maximum "cash-out" amount you can receive? ii. Applying the LTV ratio of 80 percent to the new loan balance by what ACR would the home need to have appreciated over the previous 20 months? ili. Upon refinancing what is the maximum monthly savings on the mortgage payment? iv. Upon refinancing you want to reduce the monthly payment by 100 and have 15,000 upfront for a vacation. How much (sooner) or later, in months, will the mortgage be paid off? 7. Your Amen Ann