Question

Aimee and Ben are purchasing a condominium and are financing $520,500. The mortgage is a 30-year 4/1 ARM at 2.25% with a cap structure of 1.5/9. What will their payments be for the first 4 years? (1 point)

$1,989.59
$2,410.52
$2,695.19
$4,188.06

Answer 1

Nvm i got it its A

Answer 2

Correct answer: $1,989.59