Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing


  • 3 years ago

Help please?(: Aimee and Ben are purchasing a condominium and are financing $610,000. The mortgage is a 20-year 3/1 ARM at 4.15% with a cap structure of 1.5/10. What will their payments be for the first 3 years? (1 point) -the answer options are.. can you explain how to get the answer? *$4,247.96 *$2,805.36 *$2,965.23 *$3,744.87

  • This Question is Closed

    Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy