2. John borrowed $100,000 to buy a house. His interest rate was a nominal annual rate of 9% compounded monthly. He was supposed to make level payments P each month for thirty years with the first payment one month after the loan date. John missed his 20h and 21 " payments but made all of the other prior payments. John made his regular payments of P on time for his 22, 23 and 24 payments After his 24hpayment the loan company recomputed his monthly payment to account for his two missed payments. John would repay his loan with level payments X each month for the remaining twenty-eight years of the loan. Calculate X