Question 5 [5 points] Five years ago Wynn and Rebecka purchased a home and got a $680,135 mortgage with a 30-year amortization at 6.25% interest compounded semi-annually and biweekly payments. The

term of the mortgage is now over, and they are renewing on the same amortization timeline for another five-year term at 3.50% interest compounded semi-annually and monthly 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