"Ann got a 30 year fixed rate mortgage with non-constant monthly payments for $700,000. The mortgage has an annual interest rate of 4.5%, compounded monthly. Ann s monthly payment in the first 5 years corresponds to a full amortization schedule (as if it were to fully amortize in 30 years). After 5 years (60 months) of payments, her payment becomes interest only. What is Ann s monthly payment when the loan becomes interest only?"

		"$2,392.90 "
		"$2,625.00 "
		"$3,546.80 "
		"$3,890.83 "