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Reset loan: You took out a loan for 5/25 reset loan of $200,000 (30-year term with reset after 5 years). Initial interest rate was 5%.

Reset loan: You took out a loan for 5/25 reset loan of $200,000 (30-year term with reset after 5 years). Initial interest rate was 5%. The reset interest rate is 4%. What is the reset payment?

		969.41correct
		995.62
		1,020.03
		1,040.10
		1,067.23
		1,073.64

show process please

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