Heather has a mortgage of $680,000 through the Bank of Montreal for a vacation property. The mortgage is repaid by end of month payments with an interest rate of 5.9% compounded monthly for a term of 2 years, amortized over 15 years. At the end of the 2-year term, Heather will renew the mortgage for another 2-year term at a new, lower interest rate of 5.3% 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? decimal places if necessary. X 1) What are the end of month payments before the renewal of the mortgage? C/Y = P/Y = I/Y = % PV = $ PMT = $ (enter the rounded value into the calculator) N= FV = $ 2) What is the balance when the mortgage is renewed? P1 = P2= V/Y= 3) What will be the new end of month payments after the mortgage is renewed? CY= P/Y = % PV = $ BAL= $ Enter a positive value. PMT= $ N= FV = $