please help
What must the rating of the bands tre for them to separ? QUESTION 4 (Show Work for all parts of the Quantitative Question. Including timelines for at least the flest two parts The mortgage on your house is five years old required monthly payments of $1402, had an original term of 30 years, and had an interest rate of 10 APR (compounded monthly). In the Intervening five years, Interest rates have fallen and so you have decided to refinance that is, you will roll over the outstanding balance into a new mortgage. The new mortgage has a 30 year term, requires monthly payments, and has an interest rate of 6 APR (compounded monthly a. What is the amount of loan outstanding today when you decide to refinance the loan? Round to 2 decimal places) What monthly repayments will be required with the new loan? (Round to 2 decimal places) cyou still want to pay off the mortgage in 25 years, what monthly payment should you make after you refinance? decimal places) Round to 2 d Suppose you are willing to continue making monthly payments of 51402. How long will it take you to pay off the mortgage after refinancing in months? (Round to next whole month) What must the rating of the bands tre for them to separ? QUESTION 4 (Show Work for all parts of the Quantitative Question. Including timelines for at least the flest two parts The mortgage on your house is five years old required monthly payments of $1402, had an original term of 30 years, and had an interest rate of 10 APR (compounded monthly). In the Intervening five years, Interest rates have fallen and so you have decided to refinance that is, you will roll over the outstanding balance into a new mortgage. The new mortgage has a 30 year term, requires monthly payments, and has an interest rate of 6 APR (compounded monthly a. What is the amount of loan outstanding today when you decide to refinance the loan? Round to 2 decimal places) What monthly repayments will be required with the new loan? (Round to 2 decimal places) cyou still want to pay off the mortgage in 25 years, what monthly payment should you make after you refinance? decimal places) Round to 2 d Suppose you are willing to continue making monthly payments of 51402. How long will it take you to pay off the mortgage after refinancing in months? (Round to next whole month)