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Chevy and Judith are purchasing a townhouse and finance $154,200 with a 30 year 5/3 ARM at 6.45% with a 4/13 cap structure what will

Chevy and Judith are purchasing a townhouse and finance $154,200 with a 30 year 5/3 ARM at 6.45% with a 4/13 cap structure what will their payments be at the beginning of the 6th year assuming they are charged maximum interest rate for that year? a. 907.11 b. 1356.97 c. 969.58 d. 1314.26

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