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Mathematics, 19.05.2021 20:20 beccahaileyowzryu

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? O $674.48

$557.09

O $759.70

O $650.17​

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Chris and Justine are purchasing a townhouse and finance $112,900 with a 25-year 6/3 ARM at 4.85% wi...
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