You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $2,718 and you have made every payment on time. The original term of the mortgage was 30 years, and the mortgage is exactly four years and eight months old. You have just made your monthly payment (four years and eight months into the mortgage). The mortgage rate is a stated rate of 3% compounded semi-annually. How much do you owe on the mortgage today?

Question 21 options:

	414202
	470458
	579464
	520716
	414654