The following problem involves adjustable-rate mortgage. You the given table if necessary.
Suppose your mortgage is $75,000 for 20 years. The index rate is 3.5% and the margin is 2.4%. After two years, the Treasury index increases to 4.6%. Using the adjusted balance of 
826.73, find the new monthly payment.
A. $489.67
B. $514.79
C. $577.59
D. None of the above is correct.
Answer: C
Mathematics
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