You purchase a $685,000 home and you put 25% down. You obtain a 30-year fixed-rate mortgage with an annual interest rate of 4.375%. After 5 years, interest rates in the market have fallen, and you decide to refinance your mortgage for the remaining 25 years at a rate of 3.25%. By refinancing, what is the present value of how much you will save in monthly payments over the last 25 years of the mortgage, compared with if you had kept the original mortgage rate? $101.513.87 $62.866.91 $58.937.73 $78.541.06 $73,571.23 $69.78458 A Moving to the next question prevents changes to this