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A reset mortgage allows for one interest rate reset during the life of the loan. If you have a 5 2 5 , the mortgage

A reset mortgage allows for one interest rate reset during the life of the loan. If you have a 525,
the mortgage rate will be reset after 5 years, to fully amortizes at the end of the original 30 year period
(i.e. after 25 more years). For 558%,$100,000, mortgage, compute the reset payment if the new
rate resets to 738%.
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