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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 $ 2

You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $ 2259, 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 6.416%(APR with semi-annual compounding). How much do you owe on the mortgage today?
(Note: Be careful not to round any intermediate steps less than six decimal places.)
Part 1
The monthly discount rate is enter your response here%.(Round to five decimal places.)

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