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OpenStudy (anonymous):
Would someone please help me with a few of these problems. I have tried every method available and still cant solve them. Thanks :) Kristi and Jason are purchasing a house and are financing $355,000. The mortgage is a 30-year 6/2 ARM at 3.25% with a 3/6 cap structure. What will the remaining balance be after the first 6 years? $317,038.99 $286,556.77 $308,679.17 $331,347.21
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OpenStudy (anonymous):
Hello???
OpenStudy (anonymous):
Correct answer: $308,679.17
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