9. In 2015 , Phil and Stephanie moved into a new home and assumed a $137000 mortgage amortized to the year 2030 at 5.89% per annum compounded semi-annually for a three year term. At the end of the three year term, the mortgage rate had increased by 1.5%. They renegotiated their mortgage for a further three year term at this new rate. Calculate the monthly payment for their renegotiated mortgage if the mortgage was still to be paid in full by the year 2030 . 12) Andrea would like to take out a mortgage for $125000 amortized over 25 years at 6.5% per annum. The bank has presented her with two options. The first option is to make 12 monthly payments per year for 25 years. The second option is to make 52 weekly payments per year for 25 years. How much will Andrea save over the full amortization by using the weekly payments instead of the monthly payments