A borrower takes out a 30-year adjustable rate mortgage loan for $500,000 with monthly payments. The first two years of the loan have a "teaser" rate of 7%, after that,the rate can rest with a 3% annual rate cap.On the reset date,the composite rate is 10%. What would be the Year 3 monthly payment?

a.$4,626

b.$4,514

c.$4,879

d.$4346 e.$4,760