You purchased a home 10 years ago for $200,000 and borrowed the entire amount from Broadway Bank at an APR of 6% with monthly payments. The original maturity of your mortgage was 30 years when you purchased the home. a) Draw a time line that depicts the cash flows from the mortgage payments from when you bought your home. Show on the time line and compute the outstanding the balance today. Give the inputs to your computations for full credit. b) Suppose you refinance your mortgage today (repay outstanding amount of old loan and borrow the same amount at a lower rate) with a mortgage maturity equal to the remaining time on your current mortgage, at an APR of 3% and monthly payments. What is the new payment? What is the value of your savings each month from refinancing