Business
Business, 01.08.2019 04:10, haitch

You have taken out a $225,000, 3/1 arm. the initial rate of 5.8% (annual) is locked in for three years and is expected to increase to 6.5% at the end of the lock period. calculate the initial payment on the loan. (note: the term on this 3/1 arm is 30 years.)

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You have taken out a $225,000, 3/1 arm. the initial rate of 5.8% (annual) is locked in for three yea...

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