ATTEND THE QUESTION ONLY IF YOU CAN SOLVE BOTH THE QUESTIONS. AWARE OF CHEGG POLICIES SO DO NOT SAY ONLY ONE CAN BE DONE.

ANSWER BOTH OR MAKE WAY TO OTHERS TO ANSWER.

WILL REPORT THE ANSWER IF ONE IS ANSWERED.

The mortgage on your house is five years old. It required monthly payments of $1,422, had an original term of 30 years, and had an interest rate of 9% (APR). In the intervening five years, interest rates have fallen and so you have decided to refinance-that is, you will roll over the outstanding balance into a new mortgage. The new mortgage has a 30 -year term, requires monthly payments, and has an interest rate of 6.625% (APR). a. What monthly repayments will be required with the new loan? b. If you still want to pay off the mortgage in 25 years, what monthly payment should you make after you refinance? c. Suppose you are willing to continue making monthly payments of $1,422. How long will it take you to pay off the mortgage after refinancing? d. Suppose you are willing to continue making monthly payments of $1,422 and want to pay off the mortgage in 25 years. How much additional cash can you borrow today as part of the refinancing? Duo Corporation is cvaluating a project with the following cash flows, The company uses a discount rate of it percent and a reinvestment rate of 8 percent on alf of its projects. Calculate the MRRR of the project using all threo methods with these interest rates. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.9-, 32.16