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Consider a 3-year, adjustable rate mortgage with an original balance of 34,000 and an initial interest rate of 6.2%. Suppose right after the month 4

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Consider a 3-year, adjustable rate mortgage with an original balance of 34,000 and an initial interest rate of 6.2%. Suppose right after the month 4 payment has been made, the interest rate goes up by 0.8%. What is the new monthly payment in the following month

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