you wish Four years ago, you acquired a 30-year loan of $140,300, charging 5.5% annual interest, compounded monthly, and requiring monthly payments. At this time, interest rates on 15-year loans have dropped to 3.9% APR. compounded monthly, and to refinance what you still owe with a new loan at this new rate. a. How much will you be refinancing Round your answer to the nearest dollar. Amount Refinancing: b. How much will your new monthly payment be after refinancing Round your answer to the nearest cent. New Monthly Payment: $