You have taken out a $$225,000,3/1$ ARM. The initial rate of $5\mathrm{.}8\%$

$($annual$)$ is locked in for three years and is expected to increase

to $6\mathrm{.}5\%$ at the end of the lock period. Calculate the initial

payment on the loan. $($Note: the term on this $3/1$ ARM is $30$ years.$)$

A$)$ $$1959\mathrm{.}99$ B$)$ $$1,874\mathrm{.}45$ C$)$ $$1,422\mathrm{.}15$ D$)$ $$1,320\mathrm{.}19$