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Business, 28.02.2020 06:00 jennyferluna0216

George has obtained a $141,000 5/1 30-year ARM at 5%. During the first 3
years, he has an option of paying interest only. If he were to accept this offer,
what would his initial payment be?
O
A. $587.50
O
B. $250.67
O
C. $756.92
O
D. $732.09

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Answers: 1

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George has obtained a $141,000 5/1 30-year ARM at 5%. During the first 3
years, he has an optio...

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