7 years ago a fixed rate mortgage for $ 100,000 was issued which would fully amortize monthly in 20 years. The contract rate was 8%. Refinancing costs $. 3,000. Rates have now fallen to 6%. You decide to refinance. If refinancing means a full cash-out, how much will it be, what is the loan now given the new rate, what is the PV based on the new rate, the refinanced PV, and the cash out?