Martha is planning to refinance her home. She presently has a 30-year, fixed 5% mortgage. The initial loan amount was $1

[answerhappygod]

Martha is planning to refinance her home. She presently has a
30-year, fixed 5% mortgage. The initial loan amount was
$100,000.
Her current balance is $67,000. She could re-finance the current
balance with a 15-year, fixed 4% mortgage loan. Her only closing
cost is 1 discount point, which she would pay out of pocket.
BGN/END
P/Y
C/Y
N
I/Y
PV
PMT
FV
bgn
360
5/12
-100000
534.59
BGN/END
P/Y
C/Y
N
I/Y
PV
PMT
FV
bgn
180
4/12
-67000
493.94