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A 30 year adjustable-rate mortgage loan for $450,000 was taken out five years ago at 3.5%. The interest has recent changed to 6.5%. By how

A 30 year adjustable-rate mortgage loan for $450,000 was taken out five years ago at 3.5%. The interest has recent changed to 6.5%. By how much will the monthly payments increase by? a. $1,017.73 b. $530.56 c. $704.68 d. $823.61

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