Mathematics, 24.02.2020 23:47, julesperez22

George has obtained a $141,000 5/1 30-year ARM at 5%. During the first 3
years, he has an option of paying interest only. If he were to accept this offer,
what would his initial payment be?

Answers: 2

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George has obtained a $141,000 5/1 30-year ARM at 5%. During the first 3
years, he has an optio...