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Assume we have a $500,000 mortgage at 3.5% original interest rate, with a 30 year term and monthly payments. The interest rate can be adjusted

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Assume we have a $500,000 mortgage at 3.5% original interest rate, with a 30 year term and monthly payments. The interest rate can be adjusted at the end of each year, and we assume the rate increases 0.15% after the first year and another 0.5% after the second year. What is the monthly payment for the third year of the loan? O 2.145.59 2,541.95 2,521.59 None of the given answers O 2,451.95

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