Problem # 2 (15 points) Bobbie Jo bought a house five year ago in Galveston County and paid $400,000. When she borrowed the money from the Galveston Municipal Bank, she was told that the interest rate for her 30 year mortgage is 6% per year compounded monthly. On the day she made her 60th payment, she was told that she can refinance her house at 4% per year compounded quarterly if she agrees to make the payment every quarter over 15 years. What would be Bobbie Jo's new payment? How much will be the total interest paid by Bobbie Jo by the time the new mortgage gets paid