C London has a mortgage of $310,000 through the Scotiabank for a vacation property. The mortgage is repaid by end of month payments with an interest rate of 5.5% compounded monthly for a term of 2 years, amortized over 23 years. At the end of the 2-year term, London will renew the mortgage for another 2-year term at a new, lower interest rate of 3.4% compounded monthly. Round ALL answers to two decimal places if necessary. 1) What are the end of month payments before the renewal of the mortgage? P/Y = I/Y = P1 = P/Y = 2) What is the balance when the mortgage is renewed? I/Y = % Submit Question e A lenovo C/Y = PV = $ % PMT = $ (enter the rounded value into the calculator) 3) What will be the new end of month payments after the mortgage is renewed? P2 = C/Y = PV = $ PMT = $ W N = Pa FV = $ BAL = $ Enter a positive value. N = FV = $