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ARMS An ARM mortgage is originated in the amount of $ 105,000 with a maturity of 30 years and an initial interest rate of 8%.

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ARMS An ARM mortgage is originated in the amount of $ 105,000 with a maturity of 30 years and an initial interest rate of 8%. The loan is fully amortized. to. Determine the amount of the initial monthly payments. b. If the market interest rate were to rise at the end of the first year, which would cause the ARM interest rate to change to 9%, calculate the new monthly amount

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