Collin has a mortgage of $730,000 through the Tangerine Bank for a vacation property. The mortgage is repaid by end of month payments with an interest rate of 3.4% compounded monthly for a term of 5 years, amortized over 19 years. At the end of the 5-year term, he will renew the mortgage for another 5-year term at a new, lower interest rate of 3.2% compounded monthly Enter ONLY POSITIVE VALUES for ALL ANSWERS, rounded to two decimal places. 1) What are the end of month payments before the renewal of the mortgage? 2) What is the balance when the mortgage is renewed? 3) What will be the new end of month payments after the mortgage is renewed? > Next