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OpenStudy (anonymous):
Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year 5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years? $396,038.65 $427,354.28 $407,836.29 $377,238.57
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OpenStudy (ttp):
$396,038.65 A.
OpenStudy (anonymous):
may i ask how you got that answer?
OpenStudy (anonymous):
@ganeshie8 could i have your help please?
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