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If an adjustable-rate 30 year mortgage for $123,000 starts at 50 percent and increases to 55 percent, what is the increase in the monthly payment

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If an adjustable-rate 30 year mortgage for $123,000 starts at 50 percent and increases to 55 percent, what is the increase in the monthly payment amount? Use Exhibit ZZ. (Do not round intermediate calculations, Round your answer to 2 decimal places)

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