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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 25year 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
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 25year 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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jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1Go here http://www.bankrate.com/calculators/mortgages/mortgagecalculator.aspx and type in the given mortgage amount, time in years, and annual rate

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0http://www.bankrate.com/calculators/homeequity/compareloanscalculator.aspx

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1click "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

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Thank You so much!!! @jim_thompson5910 This is amazing and definitely helped me out!!! :D

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1I'm glad you find it handy as I do too
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