Seved Help Save & 4 Problem 5-56 Teaser Rate Mortgage (LG5-9) A mortgage broker is offering a 25-year $283,000 mortgeage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only & 4.9 percent APR interest rate. After the second year, the mortgage interest rate charged Increeses to 7.9 percent APR What are the monthly payments in the first two years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Book Print ferences Monthly payment S 1,837.94 What are the monthly payments after the second year? (ob not round intermediate catculations and round your inal anawer to 3 decimal places.) Monthly payment F Next > 4 of 40