Courtney has a mortgage of $840,000 through the Tangerine Bank 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 5 years, amortized over 17 years. At the end of the 5-year term, Courtney will renew the mortgage for another 5-year term at a new, lower interest rate of 3.5% 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 = C/Y = N = 1/Y = % PV = $ FV = $ PMT = $ (enter the rounded value into the calculator) 2) What is the balance when the mortgage is renewed? P1 = P2 = BAL = $ Enter a positive value. 3) What will be the new end of month payments after the mortgage is renewed? P/Y = C/Y = N = 1/Y = % PV = $ FV = $ PMT = $ Courtney has a mortgage of $840,000 through the Tangerine Bank 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 5 years, amortized over 17 years. At the end of the 5-year term, Courtney will renew the mortgage for another 5-year term at a new, lower interest rate of 3.5% 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 = C/Y = N = 1/Y = % PV = $ FV = $ PMT = $ (enter the rounded value into the calculator) 2) What is the balance when the mortgage is renewed? P1 = P2 = BAL = $ Enter a positive value. 3) What will be the new end of month payments after the mortgage is renewed? P/Y = C/Y = N = 1/Y = % PV = $ FV = $ PMT = $