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Biology, 10.11.2020 05:20 jakepeavy70
You have a $112,000 adjustable rate mortgage that was 8% per year. You were just notified that next year it is going up to 13%. What is the annual dollar difference between the old and newly adjusted interest rates if your balance stayed the same at $112,000?
a) $1,120
b) $1,253
c) $5,600
d) $8,960
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Answers: 3
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