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Consider a 20-year mortgage for $178,165 at an annual interest rate of 5%. After 8 years, the mortgage is refinanced to an annual interest rate

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Consider a 20-year mortgage for $178,165 at an annual interest rate of 5%. After 8 years, the mortgage is refinanced to an annual interest rate of 3%. What are the monthly payments after refinancing? Round your answer to the nearest dollar. Question 8 1 pts Consider a 30-year mortgage for $340,320 at an annual interest rate of 5.9%. After 13 years, the mortgage is refinanced to an annual interest rate of 3.3%. How much interest is paid on this mortgage? Round your answer to the nearest dollar

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