Patrick is a recently divorced single father and will be filing head of household and itemizes. As a result of the divorce from his husband he will need to refinance the mortgage on the home. The bank has offered Patrick the option of paying points on the mortgage in order to recelve an annual interest rate reduction. Patrick will also make interest-only payments for the first four years. Patrick has asked you to produce a calculation to assist in determining whether or not paying points makes the most financlal sense from a tax perspective. Required: 1. Complete the analysis using formulas and references to the data provided in E14:E20. (HINT: Annualize the break-even years using 365 days to determine the Break-Even Date) Navlgation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower night to return to connect. Patrick is a recently divorced single father and will be filing head of household and itemizes. As a result of the divorce from his husband he will need to refinance the mortgage on the home. The bank has offered Patrick the option of paying points on the mortgage in order to recelve an annual interest rate reduction. Patrick will also make interest-only payments for the first four years. Patrick has asked you to produce a calculation to assist in determining whether or not paying points makes the most financlal sense from a tax perspective. Required: 1. Complete the analysis using formulas and references to the data provided in E14:E20. (HINT: Annualize the break-even years using 365 days to determine the Break-Even Date) Navlgation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower night to return to connect