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10. Sherri attempts to determine the total cost of a $500,000 ARM which starts at 6% by predicting the monthly payments. Her predictions are shown

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10. Sherri attempts to determine the total cost of a $500,000 ARM which starts at 6% by predicting the monthly payments. Her predictions are shown in the table. Year 1-5 Adjustable Rate Mortgage MonthlyPayment $2,997,75 $2,858.27 $3,093.85 6-20 21-30 What is the total cost of this mortgage based on Susan's predictions? (4 points) $1,073,984.40 $424,000.00 $1,065,615.60 $1,079,190.00

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