10. Sharon attempts to determine the total cost of a $400,000 ARM, which starts at 7%, by
pred...
Mathematics, 13.02.2020 05:16 peaceouthjkdrb2398
10. Sharon attempts to determine the total cost of a $400,000 ARM, which starts at 7%, by
predicting the monthly payments. Her predictions are shown in the table.
Adjustable Rate Mortgage
Year
15
Monthly
Payment
$2,661.21
1:21
$2,366.61
cm
$2,366.61
oo
21-30
$2,475.08
What is the total cost of this mortgage based on Susan's predictions?
$938,035.60
$882,672.00
$428,000.00
$900,348.00
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