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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. What is the monthly payment for the second year of the loan? 2,238.17 o none of the given answers O 3.283.24 O 2,383.24 O 2,338.24

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