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4 If an adjustable-rate 30 year mortgage for $127.000 starts at 4 percent and increases to 55 percentwhat is the amount of increase of the

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4 If an adjustable-rate 30 year mortgage for $127.000 starts at 4 percent and increases to 55 percentwhat is the amount of increase of the monthly payment? (Use Exhibit 9:9) (Round your answer to 2 decimal places. 10 Doints Increase in Monthly Payment Torm Rate 30 Years 25 Years 20 Years 15 Years 3.0% $4.22 $4.74 $5.55 $6.91 3.5 4.49 5.01 5.80 7.15 4.0 4.77 $ 528 6.06 740 45 5.07 5.56 6.33 765 5.0 5.37 5.85 6.60 7.91 5.5 5.68 5.14 6.88 8.17 6.0 6.00 7.16 8.43 5.5 6.44 6.67 6.32 7:45 8.71 20 665 706 775 9.99 75 6.99 739 8.06 922 8,0 734 72 8.36 9.56 8.5 759 8:05 8.68 9.85

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