Refinancing a mortgage 3 Question 9 (16 points) 6 Your friend bought a home and the amount he financed with a 20 year mortgage was $125,000. Due to his credit and the economy the rate on the mortgage is 5.19%. After 180 months of payments he is considering refinancing the mortgage. What is the amount he would need to borrow on the new mortgage? Give your answer in whole numbers with no dollar sign. For example, if your answer suggest he would have current principle of $15,194.38 you would enter your answer as 15194 Your Answer: Answer Question 10 (30 points) Your friend's 20 year mortgage was $375.000 with a rate of 5.78 %. How much interest has he paid after 180 months of payments? Give your answer in whole numbers with no dollar sign. For example, if your answer suBgest he would actually have paid $59,194.38 in interest you would enter your answer as 59194 Your