QUESTION 17 "Ann got a 30 year FRM with annual payments equal to $12,000 per year. After 2 years of payments Ann will refinance the balance into a 28 year FRM with annual payments equal to $10,000 per year. Refinancing will cost Ann $2,500, Ann will prepay the new loan 3 years after refinancing. She will save $4,000 on her loan balance when she prepays. Using all the information given, write the NPV formula for Ann s refinancing decision if her annual discount rate is 1. Plug in all the numbers you can Only plug-in one final net cash-flow for each time period. Feel free to omit periods when the net cash-flow is zero Sample Answer: NPV(I)-100 + (5(1+1)^1 + 105/(1+12" For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TTTT Paragraph - Arial 3 (12pt) 4 = E.T. %DO TT. Of Mashups - 140