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An ARM for $60,000 with initial interest rate of 6% for 30 years, but to be reset at the end of first year and for
An ARM for $60,000 with initial interest rate of 6% for 30 years, but to be reset at the end of first year and for the remainig of the 29 years to the new Rate of 8%, how much will be the new payment for the 29 years left? use formula sheet
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The Economics Of Money Banking And Finance
Authors: Keith Bain, Peter Howells
1st Edition
0582278007, 9780582278004
