Suppose a bank offers 20-year, $2,000,000 mortgages at 3% (APR compounded monthly). A borrower needs to pay an equal amount every month. The first payment is due at the end of the current month. If the mortgage rate increases to 5% (APR compounded monthly) after the last payment in year 5 is made, what is the monthly payment for the remaining fifteen years?

11,091.95

14,080.33

13,204.58

10,386.50

12,701.53