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? A. 759.70 B. 557.09 C. 674.48 D. 650.17 P.S i need help on how to solve this and break it down into the formula

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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% 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? A. 759.70 B. 557.09 C. 674.48 D. 650.17 P.S i need help on how to solve this and break it down into the formula

Economics - Financial Markets
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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