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Mathematics, 29.01.2020 11:46 needhelp243435

Alex took out a 7/1 variable-rate mortgage for $140,000. the interest rate for the first period was fixed at 5.25%, and the loan was amortized over 30 years. at the end of the initial loan period, the interest rate was 6.75%, plus a 1.5% margin. what was alex's monthly mortgage payment during the initial fixed-rate period?

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Alex took out a 7/1 variable-rate mortgage for $140,000. the interest rate for the first period was...

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