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The adjustable rate mortgage is for 15 years with monthly payments. Loan amount is $100,000. During the first 8 years, the annual mortgage rate is

The adjustable rate mortgage is for 15 years with monthly payments. Loan amount is $100,000. During the first 8 years, the annual mortgage rate is 8.50%, while during the last 7 years, the rate is 7.50%. What is the monthly mortgage payment during the last 7 years (rounded to the nearest dollar)?

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