Open Question: Finance course, need help for Mortgage question,URGENT!!!?

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You acquire a home and as a result are carrying a mortgage of $350,000 with a 25-year amortization period. You initially sign on for a 5-year fixed rate mortgage at 6.25% with payments made monthly. 4 years from today, you decide to refinance your mortgage at a 5.50% (without penalty) and also increase your payment frequency from monthly to weekly. (Assume your mortgage payments are made at the end of each month or week and the interest rate on mortgages are compounded semi-annually). (a) What is your monthly mortgage payment in year 1? (b) What is the outstanding balance (principal) on the mortgage after 4 years? (c) What will be your weekly payment on the refinanced mortgage? (There are 52 weeks in a year.) (d) Are you paying more or less on a monthly basis once you refinance your mortgage if your discount rate is 8%, compounded annually? (Assume that there 4.3333 weeks per month)


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