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Mathematics, 08.05.2021 04:50 MIa2020

Chevy and Judith are purchasing a townhouse and finance 154,200 30 year 5/3 ARM at 6.45% with a 4/13 cap structure. What will there payments be at the beginning of the sixth year assuming they are charged maximum interest rate for that year?

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Chevy and Judith are purchasing a townhouse and finance 154,200 30 year 5/3 ARM at 6.45% with a 4/13...
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