Calculate the payment amounts when the mortgages below wo renewed for a second term Assume interest raters are fixed and compounded sammusly, and that the anahzation penod is reduced appropriately upon renewal For full marks your answer should be rounded to the newest cont. 3% Original Amortization First-Term Second-Term Principal Period (Years) New Information Information Payment $664,871 30 5.50% 0.00 Weekly payments Biweekly payments 3-year term 3-year term $349,665 25 8% 6.25% 0.00 Monthly payments Monthly payments 5-year term 5-year torm $360,628 30 5.75% 3% 0,00 Biweekly payments Monthly payments 4-year term 5-yoar torm Calculate the payment amounts when the mortgages below wo renewed for a second term Assume interest raters are fixed and compounded sammusly, and that the anahzation penod is reduced appropriately upon renewal For full marks your answer should be rounded to the newest cont. 3% Original Amortization First-Term Second-Term Principal Period (Years) New Information Information Payment $664,871 30 5.50% 0.00 Weekly payments Biweekly payments 3-year term 3-year term $349,665 25 8% 6.25% 0.00 Monthly payments Monthly payments 5-year term 5-year torm $360,628 30 5.75% 3% 0,00 Biweekly payments Monthly payments 4-year term 5-yoar torm