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You have decid You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment

You have decid
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You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $2356, and you have made every payment on time. The original term of the mortgage was 30 years, and the mortgage is exactly 4 years and 8 months old. You have just made your monthly payment. The mortgage interest rate is 6.200% (APR with somi-annual compounding). How much do you owo on the mortgage today? (Note: Be careful not to round any intermediate stops less than six decimal places) The monthly discount rate is 13% (Round to five decimal places.)

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