In order to buy a vacation home, Neal and Lilly took out a 30-year mortgage for $110,000 at an annual interest rate of 8%. After 20 years, they refinanced the unpaid balance of $66,373 at an annual rate of 5%. Use the table to find the monthly payments on the original loan; the monthly payments on the new loan; and the total amount saved on interest by refinancing Click the icon to view a table of monthly payments on a $1,000 loan The monthly payments on the original loan are $ (Type an integer or a decimal.) Monthly Payment on a $1,000 loan The monthly payments on the new loan are S (Round to the nearest cent as needed.) The total amount saved on interest by refinancing is S (Round to the nearest cent as needed.) Number of Years for the Loan Annual Interest Rate 4% 5% 5% 8% 10% 12% 10 20 30 $29.53 $22.58 $10.12 $6.06 $4.77 5.37 6.00 7.34 8.78 33.21 26.33 14.35 11.0 10.29 29.97 23.03 10.61 6.60 3042 23.49 11.10 7.16 31.34 24.4112.13 8.36 9.65 32.27 25.36 13 13.22 Print Done In order to buy a vacation home, Neal and Lilly took out a 30-year mortgage for $110,000 at an annual interest rate of 8%. After 20 years, they refinanced the unpaid balance of $66,373 at an annual rate of 5%. Use the table to find the monthly payments on the original loan; the monthly payments on the new loan; and the total amount saved on interest by refinancing Click the icon to view a table of monthly payments on a $1,000 loan The monthly payments on the original loan are $ (Type an integer or a decimal.) Monthly Payment on a $1,000 loan The monthly payments on the new loan are S (Round to the nearest cent as needed.) The total amount saved on interest by refinancing is S (Round to the nearest cent as needed.) Number of Years for the Loan Annual Interest Rate 4% 5% 5% 8% 10% 12% 10 20 30 $29.53 $22.58 $10.12 $6.06 $4.77 5.37 6.00 7.34 8.78 33.21 26.33 14.35 11.0 10.29 29.97 23.03 10.61 6.60 3042 23.49 11.10 7.16 31.34 24.4112.13 8.36 9.65 32.27 25.36 13 13.22 Print Done