15. Five years ago, you took out a 10-year, $60,000 mortgage locking in the borrowing fee for the first five years at a rate of 8% compounded semi-annually. You've made every scheduled monthly payment of $723.85, including the 60th payment today. Now you are negotiating the final 5 years of your mortgage. The best deal your broker can find you on 5-year fixed rate fee is 12% compounded semi-annually. If you still plan to pay off your mortgage at the end of the next five years, what is your new monthly payment? (2 points)