Home Inser Draw Page Layout Formulas Data Review View Developer Times New Roman 14 A A Wrap Text Paste = Merge & Center C21 Problem 5-20 You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $2,356 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. The mortgage interest rate is 6.375% (APR). How much do you owe on the mortgage today? Monthly payment Number of years Periods per year Periods into the loan APR 2.356 30 56 6.375% Discount rate Periods remaining PV of mortgage 13 14 16 17 Requirements 18 1 In cell D12, by using cell references, calculate the discount rate (1 pt.) In cell D13, by using cell references, calculate the number of periods remaining on the loan (1 pt. In cell D14, by using cell references, calculate the amount that you owe on the mortgage. Note: 19 The output of the expression or function you typed in this cell is expected as a positive number. (1 20 23 24 25 26 27 28