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calculate the monthly mortgage payment for each of following 5 periods below based on a $3,230,000 adjustable loan /30 year amortization schedule/ with the 5
calculate the monthly mortgage payment for each of following 5 periods below based on a $3,230,000 adjustable loan /30 year amortization schedule/ with the 5 reset periods as per the provided interest rate schedule: Year 1-5: 8.25% APR Year 6-10: 8.4% APR Y ear 11-16: 8.85% APR Year 17-23: 9.6% APR Year 24-30: 10.2% APR lease compute how much the payment would be for each of the 5 reset periods. Please consider that the principal balance will decrease over time and for each period. the previous answers did not account for the decreasing principal as the loan gets pad down
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