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You take out a 10-year $500,000 adjustable rate mortgage, the rate for the first 5 years is 10%, and 15% for the second 5 years.

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You take out a 10-year $500,000 adjustable rate mortgage, the rate for the first 5 years is 10%, and 15% for the second 5 years. What is your monthly payment during the second 5 years? 4481 5017 5976 6607 7398

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