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Fenetre135
Group Title
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
 one year ago
 one year ago
Fenetre135 Group Title
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
 one year ago
 one year ago

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SerikMB Group TitleBest ResponseYou've already chosen the best response.0
what's the formula?
 one year ago

Fenetre135 Group TitleBest ResponseYou've already chosen the best response.0
I think it's this
 one year ago

SerikMB Group TitleBest ResponseYou've already chosen the best response.0
can you tell what each letter mean?
 one year ago

Fenetre135 Group TitleBest ResponseYou've already chosen the best response.0
I don't know I mean...I tried the formula but it didn't work.
 one year ago

SerikMB Group TitleBest ResponseYou've already chosen the best response.0
have you any model answers for similar question, i'm not familiar with financail applications
 one year ago

SerikMB Group TitleBest ResponseYou've already chosen the best response.0
what's B, Bm, i, nt and m there?
 one year ago

Fenetre135 Group TitleBest ResponseYou've already chosen the best response.0
nevermind I figured it out. I'm sorry XD
 one year ago

TheBonc Group TitleBest ResponseYou've already chosen the best response.0
what answer did you get, fenetre?
 one year ago

TheBonc Group TitleBest ResponseYou've already chosen the best response.0
I now know that it isn't $396,038.65
 one year ago
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