Lexi has obtained a 5/1 30-year ARM to purchase a $125,000 home. The
fixed-interest rate...
Mathematics, 11.02.2020 01:54 punkieladie
Lexi has obtained a 5/1 30-year ARM to purchase a $125,000 home. The
fixed-interest rate is 4.75%, followed by a 5% rate with a 1.25% margin. What
will her new monthly payment be after the initial fixed period ends?
Answers: 3
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