Dave currently makes monthly payments towards a 20 -year mortgage of $210000 with an interest rate of 13.2% compounded monthly. After making the 67 th payment, Dave refinanced his mortgage at an interest rate of 8.4% compounded monthly and renegotiated his term. This resulted in Dave's monthly payments being reduced by $500. How large will Dave's final drop payment be? Answer: \$ NOTE: When calculating a payment or outstanding balance, round appropriately and carry that value through further calculations