Mathematics, 03.03.2021 18:20, amandafutch24

Derrick has obtained a $139,000 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?
O A $746.18
B. $756.92
O c. $250.67
O D. $579.17

D

Answers: 1

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Derrick has obtained a $139,000 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? O A $746.18 B. $756.92 O c. $250.67 O D. $579.17 D

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Derrick has obtained a $139,000 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?
O A $746.18
B. $756.92
O c. $250.67
O D. $579.17

D