o You are buying a house and the mortgage company offers to let you pay a "point" (1.0% of the total amount of the loan) to reduce your APR from 627% 16.02% on your 5427,000. 30-year mortgage with money payments. Wyou plan to be in the house for at least five years, should you do it? (Note: Be careful not to round any intermediate steps fess than a decimal places) The monthly mortgage payment at 6 27% APR (Round to the nearest cent) The monthly mortgage payment 16.00% APRINS (Round to the nearest cent) The lower interest rate on the mortgage routs in monthly savings of Round to the nearest cont.) The PV of the monthly savings is $(Round to the nearest cent.) The balance of the mortgage at the end of five years at 6.27% APRIS (Round to the nearest cont) The balance of the mortgage at the end of five years at 6.02% APRS (Round to the nterest cond) The principal reduction due to the lower interest rate is 1 (Round to the nearest) The PV of the principal reduction in Pound to the nearest cert) The nel benefit or cost $(Round to the nearest cent) therefore, you pay the point (Set from the drop-down menus) The net benefits