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Business, 25.11.2021 14:00 Ezekielcassese

The charts show the effect of an interest rate adjustment on an adjustable-rate mortgage. Before adjustment, the principal is 200,000 dollars, monthly interest rate is. 4 percent, the total number of monthly payments remaining is 360, and the monthly payment is 1,059. 85. After adjustment, the principal is 187,000, the monthly interest rate is 0. 5 percent, the total number of payments remaining is 336, and the monthly payment is 1,162. 56. The change in interest rate shown in the charts resulted in a lower interest rate. A higher principal. A higher monthly payment. A higher number of payments.

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The charts show the effect of an interest rate adjustment on an adjustable-rate mortgage. Before adj...

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