Help solve

A couple took out a 25 -year mortgage for $161,987 at 12% compounded monthly. After they had made 10 years of payments (120 payrnents), they decided the refinance the remaining loan balance for 20 yoars at 8% interest, compounded monthly. What will be the balance on their loan 5 years affer they refinance? Suggetshon 8 Hint: Use your TVM (Finance) Solvert Start by finding the balance (FV) after the 120 payments, Then freat this amount as a new loan under the new terms: The batanco on their loag will be (8impily yoar answer. Round to the nearest delar as needed.)