A 25 years monthly payment mortgage loan for 500,000 is offered at a nominal annual interest rate of 6% convertible monthly. The borrower has monthly payments of P for the first 5 years and then the following monthly payments are increasing by 100 each month thereafter until the final monthly payment reaches P+24,000 at the end of the mortgage period. Calculate the value of P. Select one: O A. 3157 B. 3088 O C. 3226 O D. 3364 O E. 3295