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10) What are the payments for a 10-year $75,000 ARM if the rate for the first 3 years is 12%, and 18% after? 11) What
10) What are the payments for a 10-year $75,000 ARM if the rate for the first 3 years is 12%, and 18% after?
11) What are the payments for a 12-year $175,000 ARM if the rate for the first 4 years is 12%, 18% for the next 4 years, and 24% for the last 4 years?
12) What are the payments on a $2.75 million 30-year mortgage at 15%?
13) You take out a $2.75 million 20-year mortgage at 12%, what is your remaining balance after 15 years?
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