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A couple decides to accept an adjustable rate, 30-year mortgage, in which the interest rate is fixed for the first 5 years and then may be adjusted annually beginning with year 6. Suppose that this couple borrows $305,000 with the annual interest rate, compounded monthly, for the first 5 years set at 5.5%. Suppose that the interest rate is increased to 6.75% for the remaining term of the loan. Calculate the monthly payment during the first 5 years and after the first 5 years. Find the amount of interest that would be paid over the term of this loan

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