Five years ago, Thomas borrowed $200,000 to purchase a house in $ andy Lake. At the time, the quoted rate on the mortgage was 3 percent, the amortization period was 25 years, the term was 5 years, and the payments were made monthly. Now that the term of the mortgage is complete. Thomas must renegotiate his mortgage. If the current market rate for mortgages is 5 percent. what is Thomas's new monthily payment? (Round effective monthly rate to 6 decimal places, e.g. 25.125412\% and final answer to 2 decimal places, es. 125.12. Do not round your intermediate calculations) eTextbook and Media Attempts: 1 of 3 used Saved work will be astorsuberitted on the due date furto submission can take up to 10 minutes. Using multipin atternpts will imsact your seare: 25 s score reduction after attempet