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The Smiths have a $500,000 mortgage paid monthly and amortized over 25 years. They chose a 3 year term with 1.7% compounded semi-annually. What will

The Smiths have a $500,000 mortgage paid monthly and amortized over 25 years. They chose a 3 year term with 1.7% compounded semi-annually. What will their new monthly payments be when they renew their mortgage at the end of the 3 year term if they renew at 3.0% compounded semi-annually and amortize this new mortgage over 20 years

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