Question: Please show all work and solutions that you would use. Please dont only use excel A. You purchased a home 9 years ago for $150,000

Please show all work and solutions that you would use. Please dont only use excel

A. You purchased a home 9 years ago for $150,000 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.

B. Suppose you refinance with an APR of 3%, what is your new payment?

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