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please solve! i will upvote thank you! A borrower takes out a 30-year adjustable-rate mortgage loan for $275,000 with monthly payments (no fees). The first

please solve! i will upvote thank you!
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A borrower takes out a 30-year adjustable-rate mortgage loan for $275,000 with monthly payments (no fees). The first year of the loan has a "teaser" rate of 2.2%. After that, the rate can reset each year with a 2% maximum rate adjustment "cap". At the end of Year 1, interest rates go way up-to 9%. What would the Year 2 monthly payment be? A) $931 B) $1,066 C) $1,504 D) $1,335

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