the outstanding balance into a new mortgage. The new mortgage has a 30 -year term, requires monthly payments, and has an interest rate of 5.625% (APR). a. What monthly repayments will be required with the new loan? b. If you still want to pay off the mortgage in 25 years, what monthly payment should you make after you refinance? c. Suppose you are willing to continue making monthly payments of $1,450. How long will it take you to pay off the mortgage after refinancing? (Note: Be careful not to round any intermediate steps less than six decimal places.)