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anonymous

  • one year ago

I Need SERIOUS Help NOW!!!! Will give medals** Stella is purchasing a house and finances $240,650 of the purchase price. The mortgage is a 25-year 6/2 ARM at 5.5% with a 3/10 cap structure. What will the remaining balance be after the first six years? A) $106,401.60 B) $134,248.40 C) $208,762.58 D) $218,847.88

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  1. anonymous
    • one year ago
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    @annas @lilaj1242

  2. jim_thompson5910
    • one year ago
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    Go here http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx and type in the given mortgage amount, time in years, and annual rate

  3. NathalyN
    • one year ago
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    http://www.bankrate.com/calculators/home-equity/compare-loans-calculator.aspx

  4. jim_thompson5910
    • one year ago
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    click "show amortization schedule" then scroll down to June 2021 (which is 6 years from now) and look in the last column to find the remaining balance

  5. anonymous
    • one year ago
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    Thank You so much!!! @jim_thompson5910 This is amazing and definitely helped me out!!! :D

  6. jim_thompson5910
    • one year ago
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    no problem

  7. jim_thompson5910
    • one year ago
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    I'm glad you find it handy as I do too

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