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23. What are the payments in year 1 and in year 3 for a $200,000 ARM loan at 4% over 25 years? The interest rate

23. What are the payments in year 1 and in year 3 for a $200,000 ARM loan at 4% over 25 years? The interest rate is tied to the 10 year Treasury note and at the beginning of year three it increases 1.5%

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