Five years ago, you took out a 5/1 adjustable-rate mortgage and the five-year fixed rate period has just expired. The loan was originally for $550,000 with 360 payments at 5% APR, compounded monthly. If the interest rate falls by 2%, from 5% to 3% APR, compounded monthly, by approximately how much will this reduce the monthly mortgage repayments? Group of answer choices $361.17 $207.14 $557.48 $460.62