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A 15-year monthly payment mortgage loan for $250,000 is offered at a rate of 6% convertible monthly. The borrower would like to have graduated payments

A 15-year monthly payment mortgage loan for $250,000 is offered at a rate of 6% convertible monthly. The borrower would like to have graduated payments where the first year's monthly payment is P, the second year's monthly payment is P+100, and all subsequent monthly payments are P+200. Find the initial monthly payment P.

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