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The next three questions refer to this information You have just bought a new house and gotten an adjustable - rate mortgage. The mortgage interest

The next three questions refer to this information

You have just bought a new house and gotten an adjustable

-

rate mortgage. The mortgage interest rate adjusts at the second anniversary. The mortgage is $

300, 000, 9 %

rate, and

30

years. What is the monthly payment during the first two years?

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