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Mathematics 18 Online
OpenStudy (anonymous):

Marcia has a 25 year adjustable rate mortgage with a fixed rate for the first 6 years. In the 7th year, the interest rate rises to 5.4%. The remaining balance at the end of the 6th years is $178,562.50. What is the monthly payment in the 7th year? A) 783.17 B) 1085.89 C) 1254.07 D) 1294.25

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