Please use the following information to answer questions 5&6. You have taken out a $360,000 fixed-rate fully amortizing mortgage loan (the monthly payment is made at the end of each month), and the loan term is 15 years. The annual interest rate is 8%. Please calculate the monthly payment for this mortgage loan. $3,440.35 $ 1,040.35 $2,000.00 No answer within +/- $100.00 of the correct one. $ 3,504.89