Question: please answer Question 6 [5 points] Five years ago Radu and Agnessa purchased a home and got a $260,007 mortgage with a 20-year amortization at

please answer Question 6 [5 points] Five years ago Radu and

please answer

Question 6 [5 points] Five years ago Radu and Agnessa purchased a home and got a $260,007 mortgage with a 20-year amortization at 7:25% interest compounded semi-annually and monthly payments. The term of the mortgage is now over, and they are renewing on the same amortization timeline for another five-year term at 3% interest compounded semi-annually and weekly payments For full marks your answer should be rounded to the nearest cent. a) What is the balance remaining after the first term? Balance =$ 0.00 b) How much are the new payments for the second term? Payment = $ 0.00

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