When solving the above problems please use 7 digits past the decimal point for all calculations, including all PVIF(A) factors.

Please show all your work when solving this problem. I have truly tried to solve this on my own for the past several hours but I am having difficulty understanding how to solve this problem. Please help!

1. (Refinance Decision) Amount Terms Cost of Refinancing Original Loan $350,000 6.6%, 30 New Loan 5.64%, $7,000 The original loan has been outstanding for 6 years. The owner plans to retain ownership of the property for another 7 years. The opportunity cost is 9%. Show MPVIFA numbers. Should the loan be refinanced? Remember to answer this question using Present Value (PV) Analysis. Show the tables with labels when answering this question. A. Table showing the calculations for change in Monthly Payments and Loan Balances Show Table) B. Present Value Analysis (show equation and work for solution mbthod) C. Decision using Marginal Cost and Marginal Benefit Analysis 1. (Refinance Decision) Amount Terms Cost of Refinancing Original Loan $350,000 6.6%, 30 New Loan 5.64%, $7,000 The original loan has been outstanding for 6 years. The owner plans to retain ownership of the property for another 7 years. The opportunity cost is 9%. Show MPVIFA numbers. Should the loan be refinanced? Remember to answer this question using Present Value (PV) Analysis. Show the tables with labels when answering this question. A. Table showing the calculations for change in Monthly Payments and Loan Balances Show Table) B. Present Value Analysis (show equation and work for solution mbthod) C. Decision using Marginal Cost and Marginal Benefit Analysis