Olivia plans to secure a $5-$year balloon mortgage of $$240,000$ toward the purchase of a condominium. Her monthly payment for the $5$ years is calculated on the basis of a $30-$year conventional mortgage at the rate of $2\%/$year compounded monthly. At the end of the $5$ years, Olivia is required to pay the balance owed $($the "balloon" payment$).$ What will be her monthly payment for the first $5$ years, and what will be her balloon payment? $($Round your answers to the nearest cent.$)$

monthly payment $

balloon payment $