A $525,000 adjustable rate mortgage is expected to have the following payments: Year Interest Rate Monthly Payment 15 4% $2,506.43 615 6% $3,059.46 1625 8% $3,464.78 2630 10% $3,630.65 A fixed-rate mortgage in the same amount is offered with an interest rate of 4.45%. What is the difference in the total cost between the two mortgages, rounded to the nearest dollar? A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used. a $221,140 b$199105 c $856,101 d $407,909