Question: The day after a bank makes a 7 % , 3 0 - year, $ 6 0 , 0 0 0 mortgage loan, interest rates

The day after a bank makes a 7%,30-year, $60,000 mortgage loan, interest rates rise to 9%. By what amount has the value of the loan declined (not what the new value is, but how much the value has declined). Enter your answer as a number to the nearest penny (e.g.,4934.56).
The day after a bank makes a 7%,30-year, $60,000 mortgage loan,

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