QUESTION 4 Ann got a 30 year Fully Amortizing FRM for $1,500,000 at an annual interest rate of 4 25% compounded monthly, with monthly payments. After 5 years of payments, Ann can refinance the balance into a 25 year Fully Amortizing FRM at an annual interest rate of 3.75% compounded monthly, with monthly payments Refinancing will cost Ann 2 points and $1.500 in closing costs if Ann refinances this loan after 5 years what will be her total cost of refinancing? O $27,242.31 $28,742.31 $30,000.00 $31.500.00