Five years ago Cedric and Zoe purchased a home and got a $345,741 mortgage with a 20-year amortization at 3% interest compounded semi-annually and biweekly payments. The term of the mortgage is now over, and they are renewing on the same amortization timeline for another five-year term at 4.75% interest compounded semi-annually and monthly payments. For full marks your answer should be rounded to the nearest cent. a) What is the balance remaining after the first term? Balance =$ 0.00 b) How much are the new payments for the second term? = Payment $ 0.00