Five years ago a $200,000 mortage was taken out at j2 = 8% with monthly payment $1,200. Now after the 5 years the mortgage is renegotiated with the following conditions: (i) A penalty of $2000 is added to the current outstanding balance; (ii) The new interest rate is j2 = 5%; (iii) The new balance will be amortized over 15 years. Find the new monthly payment