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6. (3 points) You took a balloon loan of $100,000 for 6 years at an APR 8% with payments of $2,000 for year 1-5. Three years later, the interest rate declines from 8% to 7%. The refinancing cost of your loan is $1,000. a. (1.5 point) Complete an amortization table of the original loan. b. (1 point) Complete an amortization table of the new loan. You will keep the same structure of the loan a balloon loan with $2,000 payments per year (except for year 6) c. (0.5 point) What is the amount of gain (or loss) from refinancing at the end of year 3? Should you refinance the loan? Explain why. 6. (3 points) You took a balloon loan of $100,000 for 6 years at an APR 8% with payments of $2,000 for year 1-5. Three years later, the interest rate declines from 8% to 7%. The refinancing cost of your loan is $1,000. a. (1.5 point) Complete an amortization table of the original loan. b. (1 point) Complete an amortization table of the new loan. You will keep the same structure of the loan a balloon loan with $2,000 payments per year (except for year 6) c. (0.5 point) What is the amount of gain (or loss) from refinancing at the end of year 3? Should you refinance the loan? Explain why