A $96,000 mortgage is to be amortized by making monthly payments for 25 years. Interest is 7.9% compounded semi-annually for a five-year term.

(a)	Compute the size of the monthly payment.
(b)	Determine the balance at the end of the five-year term.
(c)	If the mortgage is renewed for a five-year term at 6% compounded semi-annually, what is the size of the monthly payment for the renewal term?

(a) The size of the monthly payment is $___.

(b) The balance at the end of the five-year term is $___.

(c) The size of the monthly payment for the renewal term is $___.