A person purchased a $140 comma 566140,566
home 10 years ago by paying 2020%
down and signing a 30-year mortgage at 8.78.7%
compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 1515-year
mortgage at 4.8 %4.8%
compounded monthly. How much interest will refinancing save?

Money Saved? (Round to the nearest cent as needed.)