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Assume a $300,000 5/1 ARM has an initial coupon of 3.50%. The loan will reset based upon a margin of 200 basis points and the

Assume a $300,000 5/1 ARM has an initial coupon of 3.50%. The loan will reset based upon a margin of 200 basis points and the then one year Treasury in Year 5 of 2.50%. What is the payment starting Year 6

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