Need to ace this test or I cant graduate
Chris and Justine are purchasing a townhouse and finance $112,900 with a 25-year 6/3 ARM at 4.85% with a 2/12 cap structure. What will their payments be at the beginning of the seventh year assuming they are charged the maximum interest rate for that year?

Question

Need to ace this test or I cant graduate
Chris and Justine are purchasing a townhouse and finance $112,900 with a 25-year 6/3 ARM at 4.85% with a 2/12 cap structure. What will their payments be at the beginning of the seventh year assuming they are charged the maximum interest rate for that year?

anonymous · Answer

can anybody help?

anonymous · Answer

Not on a test, I can't.

anonymous · Answer

youre a wingspan. You suspended her for getting help studying for a test? WTF. whyd u say she was cheating? If she was taking a test she couldnt be on a computer you dumbass.

anonymous · Answer

were all in a study group working on a review and you suspend her. go f u c k yourself

anonymous · Answer

Lol I didn't suspend anyone. I'm not even a mod.