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 A3364 O B. 3295 OC 3157 O D. 3226 O E 3088