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OpenStudy (anonymous):
PLEASE HELP?! Karen and Jeremy are purchasing a house and are financing $225000. The mortgage is a 30 year 4/1 ARM at 3.0% with a 2/6 cap structure. what will the remaining balance be after the first 4 years? A) $196,208 B) $210667.50 C) $205335 D) $210895.73
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