Jessica has obtained a 5/1 30-year ARM to purchase a $179,000 home. The
fixed-interest rate is 5.75%, followed by a 6% rate with a 1% margin. What will
her new monthly payment be after the initial fixed period ends?
O A. $1207.98
O B. $1417.34
O c. $1092.98
O D. $1173.57
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