The mortgage on your house in Winnipeg is 5 years old. Itrequired monthly payments of $ 1 comma 390 ?, had an original termof 30? years, and had an interest rate of 10 % ?(APR with?semi-annual compounding). In the intervening 5? years, interestrates have? fallen, housing prices in the Unite States have?fallen, and you have decided to retire to Florida. You have decidedto sell your house in Winnipeg and use your equity for the downpayment on a condo in Florida. You will roll over the outstandingbalance of your old mortgage into a new mortgage in Florida. Thenew mortgage has a? 30-year term, requires monthly? payments, andhas an interest rate of 5.625 % ?(APR with monthly compoundingwhich is typical for U.S.? mortgages). ?(Note: Be careful not toround any intermediate steps less than six decimal? places.) a.What monthly repayments will be required with the new? loan? b. Ifyou still want to pay off the mortgage in 25? years, what monthlypayment should you make on your new? mortgage? c. Suppose you arewilling to continue making monthly payments of $ 1 comma 390 . Howlong will it take you to pay off the new? mortgage? d. Suppose youare willing to continue making monthly payments of $ 1 comma 390and want to pay off the mortgage in 25 years. How much additionalcash can you borrow today as part of the new? financing?