Lena has a mortgage of $$720,000$ through the Bank of Montreal for a vacation property. The mortgage is repaid by end of month payments with an interest rate of $5\mathrm{.}8\%$ compounded monthly for a term of $5$ years, amortized over $22$ years. At the end of the $5-$year term, Lena will renew the mortgage for another $5-$year term at a new, lower interest rate of $4\%$ 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 $=$

I$/$Y $=\%$ PV $=$ $ FV $=$ $

PMT $=$ $$($enter the rounded value into the calculator$)$

$2)$ What is the balance when the mortgage is renewed?

P$1=$ P$2=$ 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 $=$

I$/$Y $=\%$ PV $=$ $ FV $=$ $

PMT $=$ $