If an adjustable-rate 30-year mortgage for $160,000 starts at 5.0 percent and increases to 6.5 percent, what is the amount of increase of the monthly payment? (Use Exhibit 99.).

		Increase in monthly payment is $145.60.
		Increase in monthly payment is $152.00.
		Increase in monthly payment is $109.20.
		Increase in monthly payment is $114.00.