Score: 0 of 1 pt 8 of 15 16 completel HW Score: 34.29%, 5.14 of 15 Problem 5-14 Question Help You have decided to refinance your mange You plan to bonow what is outstanding on your current mortgage. The current monthly payment is $1992, and you have made every payment on time. The original term of the mortgage was 30 years, and the morgage is badly years and 8 months old. You have just made your monthly payment. The mortgage rates 6. 2015 APR with manual compounding). How much do you owe on the mortgage today? Be can not to round any mermeistess than six decimal places) The monthly countries (Round to five decimal places) 1 so od DU DO . 1 2 # 3 $ 4 % 5 6 & 7 ( 8 9 ) 0 + W E R T delete Y U 0 The amount owed on the loan is the PV of the remaining payments. There are three parts to the problem. 1. Compute the semi-annual rate. 2. Compute the monthly discount rate, 3. Compute th PV of the loan payments. You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on yo years, and the mortgage is exactly 4 years and 8 months old. You have just made your monthly (Note: Be careful not to round any intermediate steps less than six decimal places.) The monthly discount rate is %. (Round to five decimal places.)