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 6 04% to 579 on your 5410,000, 30-year mortgage with montey payments. If you plan to be in the house for at least five years, should you do it? (Note: Be careful not to round any intermediate steps less than six decimal plebes) The monthly mortgage payment at 6:04% APRIL (Round to the nearest cont.) The monthly mortgage payment ut 5 79% APR is (Round to the nearest cent) The lower interest rate on the mortgage results in monthly savings of $ (Round to the nearest cent) The PV of the monthly savings is $ Pound to the rearest cont The balance of the mortgage at the end of five years at 6,04% APRS (Round to the nearest cont.) The balance of the mortgage at the end of five years at 6.70% APR & S. (Round to the nearest cont.) The proper reduction due to the lower interest rate found to the nearest cant) The PV et the principal reduction of Round to the nearest cont.) The net benelt or cutie s Pound to the nearest cont.) pay the point. (Select from the drop-down menus) The net benefits therefore, you