You are buying a house and the mortgage company offers to let you pay a point (10% of the total amount of the loan to reduce your APR from 595% to 5.70% on your 5-23.000, 30 year mortgage with monthly payments you plan to be in the house for at least five years, should you do? (Note: Be careful not to round any intermediate step less than a decimal places) The monthly mortgage payment at5.95% APRINS (Round to the nearest cent) The monthly mortgage payment at 570% APRI: Round to the nearest cont) The lower interest rate on the mortgage results in monthly savings of Round to the nearest cant) The PV of the monthly swings in 5 (Round to the nearest cent) The balance of the mortgage at the end of five years at 5 APRINS Round to the newest cent) The balance of the mortgage at the end of five years as 70% APRIL (Round to the recent) The principal reduction due to the lower interest rate is 5 Round to the cont The PV of the principal reduction (Round to the nearest cant) The net benefit of costs Round to the nearest cant There is pay the point Select from the codes Ee Your answer in each of the answer boxes