Edward takes out a loan of $22,000 at j12 = 9% to be repaid over 5 years with monthly payments. After 24 payments, the outstanding balance on the loan is $14,361.35, but Edward misses the next 10 monthly payments. At the end of the 34th month, he makes a lump sum payment of $3000 and refinances the loan such that he still pays off the loan at the end of 5 years. If the interest rate is unchanged, what is the new monthly payment (first payment made at time 35)? $509.04 $529.92 $549.21 $399.46 None of these options