$655.61 which is option c
step-by-step explanation:
price of house = $146,000
initial rate = 3.5%
mortgaged paid in this = 3.5 % of $146,000
= ![\frac{3.5*146000}{100}](/tex.php?f=\frac{3.5*146000}{100})
=$5110
the total years would be = 7
total mortgaged paid = 7 * $5110
=$35770
remaining money = $146000-35770
=$110230
new mortgaged payment = 5 % of 110230
= ![\frac{5*110230}{100}](/tex.php?f=\frac{5*110230}{100})
=$655.61