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If an adjustable-rate 30-year mortgage for $136,000 starts at 4 percent and increases to 5.5 percent, what is the amount of increase of the monthly

If an adjustable-rate 30-year mortgage for $136,000 starts at 4 percent and increases to 5.5 percent, what is the amount of increase of the monthly payment? (Exhibit 9-9)

Note: Round your answer to 2 decimal places.

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