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A $200,000 ARM is originated with an initial rate of 3.75% and 30 year amortization. What is the loan balance at the end of Year

A $200,000 ARM is originated with an initial rate of 3.75% and 30 year amortization. What is the loan balance at the end of Year One? A. $197,001 B. $196,876 C. $196,322 D. $195,999

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