Business Calculus help!?

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Question
janiil
Asked at 2012-09-06 03:53:04
I have literally been on this problem for a week . I can not find one , but I'm super lost the rest of the problem . MedlinePlus MedlinePlus Five years ago , Diane obtained a bank loan of $ 310,000 to help finance the purchase of a loft in San Francisco Bay area . The mortgage term was 30 years , and the interest rate of 9% / year compounded monthly on the unpaid balance . Because the interest rate for a conventional 30-year mortgage has dropped to 7 % / year compounded monthly , Diane is thinking about refinancing your property . ( Round your answers to the nearest hundredth . ) MedlinePlus (A ) What is the current Diane monthly mortgage payment ? MedlinePlus MedlinePlus MedlinePlus ( B ) What is current outstanding principal Diane ? MedlinePlus MedlinePlus MedlinePlus ( C ) If Diane decide to refinance your property , ensuring a 30-year home loan mortgage in the amount of current outstanding principal on the current interest rate / 7 % per annum compounded monthly , what will your monthly payment mortgage?
MedlinePlus MedlinePlus ( D ) How much less would the monthly mortgage payment of Diane be if you refinance ?
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