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anonymous
 3 years ago
Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20year
5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years?
$396,038.65
$427,354.28
$407,836.29
$377,238.57
anonymous
 3 years ago
Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20year 5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years? $396,038.65 $427,354.28 $407,836.29 $377,238.57

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anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0can you tell what each letter mean?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0I don't know I mean...I tried the formula but it didn't work.

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0have you any model answers for similar question, i'm not familiar with financail applications

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0what's B, Bm, i, nt and m there?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0nevermind I figured it out. I'm sorry XD

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0what answer did you get, fenetre?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0I now know that it isn't $396,038.65
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