Calculate the payment amounts when the mortgages below are renewed for a second term Assume interest rates aro fixed and compounded semi-annually, and that the amortization penod is reduced appropriately upon renewal For full marks your answer should be rounded to the nearest cent Original Amortization Principal Period (Years) $496,413 25 $618,860 20 First-Term Second-Term New Information Information Payment 5.50% 6.50% 0.00 Monthly payments Monthly payments 4-year term 5-year term 7% 6% 0.00 Weekly payments Monthly payments 3-year term 3-year term 6.75% 4.75% 0.00 Biweekly payments Weekly payments 4-year term 3-year term $383,946 30