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A borrower takes out a 15-year FRM/CPM loan for $400,000 with monthly payments. The rate is 2.5%. The FED is indicating that the target

A borrower takes out a 15-year FRM/CPM loan for $400,000 with monthly payments. The rate is 2.5%. The FED is indicating that the target interest rate will stay low for the next few years, but they may increase it later to contain inflation. Calculate the monthly payments after year 10. Numeric Response

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