Run the numbers worksheet, "When You should Refinance Your mortgage" on page 285. Show the numbers at each line. Use 3% for the investment return. Advise Layla on whether she should refinance.

When it says show the numbers at each line what is that refering too?

Decision Factors Example Your Figures 1. Current monthly payment $908 __________ 2. New monthly payment 827 __________ 3. Monthly savings (line 1 line 2) 81 __________ 4. Additional years you expect to live in the house 4 __________ 5. Future value of an account balance after 4 years if the monthly savings were invested at 3% after taxes (using the calculator on the Garman/Forgue companion website) 4,175 __________ 6. Prepayment penalty on current loan (0%) 0 __________ 7. Points and fees for new loan (2%) 2,842 __________ 8. Future value of an account balance after 4 years if the prepayment penalty and closing costs ($4,263) had been invested instead at 3% after taxes (using the calculator on the Garman/Forgue companion website) 3,198 __________ 9. Net saving after 48 months (line 5 line 8) $977 __________