You are presently paying $1,896 per month on a 30-year mortgage of $350,000 at an APR of 6.5%. Your mortgage company comes to you and suggests, since you get paid every two weeks, that you begin paying the same amount every four weeks, and thereby reduce your principal balance (amount owed) more quickly. a. What is the APY on the current mortgage (to three decimal places)? b. What would the APY be on the suggested mortgage (to three decimal places)? c. Assuming you presently have a principal balance of $300,000, by how much have you reduced the principal (amount owed) after 12 months by paying every four weeks compared with every month? (Hint: Youll have to construct the loan amortization tables for both options to answer this)