Suppose Ron refinances the loan a. the end of month 48 at the prevailing interest rate in the market (8 percent). Rather than reducing his monthly payment, however. Ron decides to keep making the same monthly payments. How many months must Ron continue to make the payments on this new loan? By how' many months has Ron shortened the term of the loan with this strategy? Consider a 30-year, two-step mortgage for $335,000. The initial interest rate is 5.5 percent, but the loan contract calls for a rate adjustment at the end of year 5. The new rate will be 2 percentage points above the ten-year Treasury bond yield. The interest rate is capped at 5 percentage points above the initial interest rate. If the T-bond yield is 7.5 percent at the time adjustment, what will the payments be for the last 25 years of this loan