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ARM: Lowest Previous Balance 1 4 5 , 0 0 0 . Current Balance 1 4 7 , 0 0 0 . Current interest rate

ARM: Lowest Previous Balance

145, 000 .

Current Balance

147, 000 .

Current interest rate

5.5 % .

Payment this year

=

850 /

Month

.

Amount paid to interest this year is

____________.

Correct Ans:

10, 031

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