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OpenStudy (anonymous):
Aimee and Ben are purchasing a condominium and are financing $610,000. The mortgage is a 20-year 3/1 ARM at 4.15% with a cap structure of 1.5/10. What will their payments be for the first 3 years?
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OpenStudy (anonymous):
$4,247.96 $2,805.36 $2,965.23 $3,744.87
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