Question: Your $ 6 9 0 0 0 0 . 0 0 monthly mortgage is amortized over 3 0 years. Interest is 5 . 4 %

Your $690000.00 monthly mortgage is amortized over 30 years. Interest is 5.4% compounded semi-annually for a four-year term. Four years pass and it is up for renewal. Interest rates exploded higher to an astonishing 6.9% compounded semi-annually for a four-year term. Reluctantly, you lock in at this new rate.
How much more will you pay every month for your mortgage?
Question 12 options:
625.04
636.21
701.00
573.72
669.78

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