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An ARM for $90,000 with an initial interest rate of 9 percent is originated with a term of 20 years, but its payments are to

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An ARM for $90,000 with an initial interest rate of 9 percent is originated with a term of 20 years, but its payments are to be reset at the end of one year based on an interest rate determined by a specified index at that time. If the market index were to rise at the end of 3 years and change the interest rate on the ARM to 10 percent, What the payments would be

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