4. a. Now assuming that a bank offers you a 30-year loan at 3.25% compounded monthly to pay the balance of your $257,000 loan, what monthly payments would you have in order to own the house after 30...

Extracted text: 4. a. Now assuming that a bank offers you a 30-year loan at 3.25% compounded monthly to pay the balance of your $257,000 loan, what monthly payments would you have in order to own the house after 30 years? (Show what you put into your calculator) b. After paying on the loan for 12 years at, you decide to refinance. How much do you still owe after 12 years? (Show what you input into your calculator) c. After refinancing, what will be your new monthly payments if you have a new 20-year mortgage at 2.5% compounded monthly? (Show what you input into your calculator)