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calculate the monthly mortgage payments 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 payments 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
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