A friend has asked your help in deciding whether he should refinance his home. His current loan has 10 years to maturity, with a 9 percent APR, monthly payments, and a principle balance of $200,000. The monthly payment under his current amortized loan is If he is able to refinance his loan at a 6 percent APR, his monthly payment will fall to but his lender will charge him $20,000 to refinance the loan. The present value of the difference in annuity payments is which is greater than the cost to refinance suggesting your friend refinance his home loan. (a) $2,533.51;$2,220.41;$28,201.99; should (b) $2,220.41;$2,147.43;$18,775.23; should not (c) $2,533.51;$2,220.41;$28,201.99; should not (d) $2,533.51;$2,147.43;22,325.43; should