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Economics - Financial Markets
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OpenStudy (anonymous):
Help please?(: 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? (1 point) -the answer options are.. can you explain how to get the answer? *$4,247.96 *$2,805.36 *$2,965.23 *$3,744.87
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