Intro You took out a mortgage (term loan) with the following terms: A B 1 Amount 420,000 360 2 Term ( months) 3 Interest rate (monthly) 4 Monthly payment 1% 4,320 Part 1 - Attempt 1/10 for 10 pts. After 13 years, interest rates have fallen to 0.8% (monthly). What is the outstanding balance at the end of year 13? 0+ decimals Submit Part 2 Attempt 1/10 for 10 pts. What is your new monthly payment if you refinance now into a mortgage over 204 months and you have to pay $8,000 to refinance the mortgage? 0+ decimals Submit Part 3 - Attempt 1/10 for 10 pts. What is the present value of your savings from refinancing? 0+ decimals Submit