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OpenStudy (anonymous):
Bart and April are purchasing a house with a 15-year, 2/1 ARM for $315,000 at 5.85% with a 2/8 cap structure. What will the difference in payments be from year 2 to year 3?
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OpenStudy (anonymous):
the payment for the second year is $2632.69 but i dont know how to calculate year 3 because of the adjust in the interest
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