Christy has a mortgage of $700,000 through Tangerine Bank for a vacation property. The loan is repaid by end of month payments with an interest rate of 5.6% compounded monthly for a term of 6 years, amortized over 19 years. At the end of the 6-year term, she will renew her mortgage for another 6-year term at a new, lower interest rate of 4.3% compounded monthly 1) What are the monthly payments before the renewal of the mortgage? S 11469.31 2) What is the loan balance when the mortgage is renewed? S 825790.32 3) What will be the new monthly payments after the loan is renewed? 13032.82