using a financial calculator ba 2 plus thank you

28. M men and Mr. Jones form a limited partnership to purchase real estate in downtown Spartanburg that they will lease to a new restaurant new restaurant and bar operated by Mr. Caldwell. 8. borrow $500,000, 20 year amortization, 5.75% fixed annual rate Alter making payments for 48 months, the partnership refinances the outstanding balance plus closing costs of $3.500 at a new rate of 5.35% for 16 years. What is the new monthly payment? a. $3,416.97 $3,477.22 C. $3,442.79 d. $3,528.86