Stella wants to buy a $177,000 house, and she is comparing a 7/1 ARM with an interest rate of 8 75%, amortized over 30 years, with a 7/23 balloon mortgage that has an interest rate of 8.25% 24. What would

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asked Apr 15, 2022 173k views

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Stella wants to buy a $177,000 house, and she is comparing a 7/1 ARM with an interest

rate of 8 75%, amortized over 30 years, with a 7/23 balloon mortgage that has an
interest rate of 8.25%
24. What would Stella's monthly payment be for the 7/1 ARM?

Mathematics
high-school

Usuf asked

by Usuf

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Answer: Are there any answer choices? If there are I could probably help you, thanks <3

Explanation:

Chetan Ankola answered Apr 21, 2022

by Chetan Ankola

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