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Mathematics, 25.04.2021 22:20 azolber

You have a choice between a​ 30-year fixed rate loan at 4.5​% and an adjustable rate mortgage​ (ARM) with a first year rate of 3​%. Neglecting compounding and changes in principal, estimate your monthly savings with the ARM during the first year on a $150,000 loan.

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You have a choice between a​ 30-year fixed rate loan at 4.5​% and an adjustable rate mortgage​ (ARM)...

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