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 the PV of the loan payments. SO Homework: Lab 5 Score: of 1 8 of 15 (complete HW Score: 53.33%, 8 of 15 Problem 5-14 Question Help You decided to finance your mortgage you plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $112, and you have made every payment on time. The original form of the mortgage was 30 y the more years and months old. You have just made your monthly payment. The mortgage interest rate is 6.2015 APR with semi-annual compounding How much do you owe on the mortgage today? Be care not to round any warmediate less than a decimal places) Pound to be decimals - H 1 90 ! 1 DU 2 DO 3 % 4 5 & 6 7 Q W 8 E 9 0 R + Problem 5-14 You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on you years, and the mortgage is exactly 4 years and 8 months old. You have just made your monthly p (Note: Be careful not to round any intermediate steps less than six decimal places.) The monthly discount rate is %. (Round to five decimal places.)