QUESTION 6 Ann got a 15 year Fully Amortizing FRM for $1,500,000 at an annual interest rate of 6.00% compounded monthly, with monthly payments. After 5 years of payments, Ann can refinance the balance into a 10 year Fully Amortizing FRM at an annual interest rate of 4.75% compounded monthly, with monthly payments. If Ann refinances into this 10 year loan, what will be her monthly savings on her mortgage payment? $3,789.51 $703.78 $8,868.35 $523.29 QUESTION 7 Ann's average Income tax rate is 30%, and her marginal income tax rate is 37%. Her property tax bill for 2015 was $10,000 and her annual interest payment on her mortgage was $9,500. Based on this information, what is Ann's total income tax shield (l.e. how much is Ann saving on her income taxes)? $3.515.00 $7.215.00 $5.850.00 $3.700.00