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You want to buy an apartment for $450, 000 with 20% down payment. And then your plan is to sign a mortgage on the unpaid

You want to buy an apartment for $450, 000 with 20% down payment. And then your plan is to sign a mortgage on the unpaid balance at 5.69% compounded monthly for the next 20 years.

(A) Find the monthly payment.

(B) If after 10 years your mortgage rate increases to 8.69% compounded monthly on the remaining balance, then how much do you need to pay monthly for the last 10 years?

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