please help me answer 9,10,11,12,13

You deposit $6,100 in an account earning 5% interest compounded monthly. How much will you have in the account in 13 years? Since interest rates have dropped, you consider refinancing your mortgage at a lower interest rate. The new mortgage would be a 30 -year term at 6% rate. Because you have already been paying down the loan for 10 years, you will ultimately be making payments for 40 years total. 9. 3 pts: How much would your new monthly payments be? Answer: 10. 1 pt: How much interest will you pay over the life of the new loan? Answer: 11. 1 pt: How much money will you save each month because of the lower monthly payment? Answer: 12. 1pt : How much total interest will you be paying? (Include the 10 years you've paid already and the 30 years on the potential new loan.) Answer: 13. 2 pts: Does it make sense to refinance? (There isn't a correct answer to this question, as long as you support your opinion with a valid reason.) Answer: You deposit $6,100 in an account earning 5% interest compounded monthly. How much will you have in the account in 13 years? Since interest rates have dropped, you consider refinancing your mortgage at a lower interest rate. The new mortgage would be a 30 -year term at 6% rate. Because you have already been paying down the loan for 10 years, you will ultimately be making payments for 40 years total. 9. 3 pts: How much would your new monthly payments be? Answer: 10. 1 pt: How much interest will you pay over the life of the new loan? Answer: 11. 1 pt: How much money will you save each month because of the lower monthly payment? Answer: 12. 1pt : How much total interest will you be paying? (Include the 10 years you've paid already and the 30 years on the potential new loan.) Answer: 13. 2 pts: Does it make sense to refinance? (There isn't a correct answer to this question, as long as you support your opinion with a valid reason.)