You have 3 attempts remaining. Five years ago you acquired a 15-year loan of $280,800, charging 3.8% annual interest, compounded monthly, and requiring monthly payments. At this time, interest rates on 15-year loans have dropped to 3.4% APR, compounded monthly, and you wish to refinance your loan at this new rate. a. How much will you be refinancing Round your answer to the nearest dollar. Amount Refinancing: 5 b. How much will your new monthly payment be after rehnancing Round year answer to the nearest cent. New Monthly Payments