6. Adam is approved for a 25-year 6/1 ARM at 4.35% with a 4/14 cap structure in the amount of $308,400. Assuming Adam is charged the maximum Interest rate, what will his monthly payments be at the beginning of the seventh year? (2 points)
O $1,431.85
$1,688.04
O $2,080.06
O $2,291.86

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