Question 7 [6 points] Seven years ago Aida and Abigail purchased a home and got a $699,600 mortgage with a 7-year term and 20-year amortization at 4.75% interest compounded semi-annually with wookly payments. They are renewing their mortgage on the same amortization timeline for another seven year term at 6.50% interest compounded semi-annually and weekly 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 torm? Payment = $ 0.00 c) What is the balance remaining after the second torm? Balance $ 0.00