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Consider a 2-year, adjustable rate mortgage with an original balance of $27,000 and an initial interest rate of 3.2%. Suppose right after the month 3

Consider a 2-year, adjustable rate mortgage with an original balance of $27,000 and an initial interest rate of 3.2%. Suppose right after the month 3 payment has been made, the interest rate goes up by 0.7%. What is the new monthly payment in the following month

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