A borrower takes out a 10 year loan for 400.000, with level end of semi-annual payments at an annual nominal interest rate of 10 Convertibles annually. Immediately after the 6th payment, the borrower decides to refinance the loan at an annual nominal interest rate of convertible annually. The remaining term of the loan is kept at seven years and level payments continue to be made at the end of every six months. However, payment is now 500 lower than each payment from the original loan. Calculate A 4.8% B.6.39 O G.8.1 D. 9.590 E. 11.2