Tywin Lannister borrows $749,000 from the Iron Bank to buy a small castle for his youngest son. The adjustable rate mortgage carries a 2.5 percent rate for the first 2 years. After that the rate will change annually to reflect market conditions. The annual cap is 3% (i. e., the largest increase in any year is 3%). The loan term is 30 years and payments are made monthly. What is the largest possible mortgage payment Tywin might owe when the interest rate resets at the beginning of the 3rd year

answer; sensory adaptation;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.