Assume we have a PLAM for a $450,000 mortgage with a 30-year term and monthly payments. The "real" loan rate is 4%, with inflation rates of 6%,5%, and 4% for years 1,2 , and 3 , respectively. The inflation adjustments to the loan balance are assumed to be made annually. What are the monthly loan payments in the first year? 2,435,82 2,148.37 2,253,82 2,234,28 None of the given answers