X 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? P/Y = 12 I/Y= 5.90 % C/Y = 12 PV = $680000 PMT = $ 5701.55 (enter the rounded value into the calculator) 2) What is the balance when the mortgage is renewed? N = 15 FV = $ 0 e?toolHref=https:-2F-2Fl BAL = $ 2) What is the balance when the mortgage is renewed? X P1= 680000 I/Y= 5.30 X P2= 59915.81 % 3) What will be the new end of month payments after the mortgage is renewed? P/Y = 12 C/Y = 12 PV = $620084.19 PMT= $ BAL= $ 5508.7 620084.19 Enter a positive value. N = 24 FV = $0