You have taken out a standard 30-year mortgage (with monthly payments) for $374,000. The mortgage has a nominal annual interest rate of 4.68 percent (monthly compounding). For the first three months, you send your lender the required monthly payment plus an additional $500, $525, and $534, for months 1, 2, and 3, respectively. The additional amount directly reduces the amount outstanding on the mortgage at the end of each month. Determine the outstanding balance on the mortgage at the end of the third month. $371,00o O $371,500 $372,000 $372,500 $373,000