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. 5. Matt obtains a mortgage for $400,000 with the following terms: . 25 year 7/1 ARM at 4.5% with a 3/8 cap structure .

. 5. Matt obtains a mortgage for $400,000 with the following terms: . 25 year 7/1 ARM at 4.5% with a 3/8 cap structure . Initial monthly payment: $2,223.33 What will be the balance of the loan at th...

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