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OpenStudy (leozap1):
Fan & Medal... Aimee and Ben are purchasing a condominium and are financing $415,500. The mortgage is a 20-year 3/1 ARM at 2.75% with a cap structure of 1.5/8. What will their payments be for the first 3 years? $1,696.24 $2,252.70 $2,572.92 $3,475.41
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OpenStudy (leozap1):
The answer was $2,252.70
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