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4. Consider a 4-year, adjustable rate mortgage with an original balance of 25,000 and an initial interest rate of 3.8%. Suppose right after the month

4. Consider a 4-year, adjustable rate mortgage with an original balance of 25,000 and an initial interest rate of 3.8%. Suppose right after the month 5 payment has been made, the interest rate goes up by 0.8%. What is the new monthly payment in the following month?

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