Kyle purchased a home for 150,000 at 6% for 30 years. What is the remaining balance after 10 years? Note that there are two distinct steps (each Inith a different formula) required to solve this problem. $114,014.08 $120,000 $125,528.59 $65,473.70 Using the information and answers from the above question (Kyle refinance) after year 10 , how much money will he save if he refinances his outstanding mortgage balance at a 4.5% rate for the remaining 20 years? Note that this involves two separate steps...calculating the new monthly payment, and calculating the savings between the two over the remaining years Also use two decimal places when doing all calculations and then round up (so your final answer has no decimal places). Eg. if your answer comes to $25,000.70 then write your answer as $25,001