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Leah is purchasing a condominium and is financing $515,000 with a 20-year 5/1 ARM at 5.25% with a 1/12 cap structure. What will her payments be at the beginning of year 6? (3 points) a $3155.38 b $3701.
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Leah is purchasing a condominium and is financing $515,000 with a 20-year 5/1 ARM at 5.25% with a 1/12 cap structure. What will her payments be at the beginning of year 6? (3 points) a $3155.38 b $3701.45 c $3470.30 d $2908.95

User Grigory Bushuev
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4 votes

Answer:

$3701.45. I hope this helps :)

Explanation:

User OJNSim
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