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Compute the payment for year 3 for the following adjustable rate morteme. The adjustment period, is indexed to the one-year Treasury Bil, and carrives a

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Compute the payment for year 3 for the following adjustable rate morteme. The adjustment period, is indexed to the one-year Treasury Bil, and carrives a margin et 15. The original composite rate was not a teaser and was equal to 4%. The one-year T-bill an ad decreased 0.75% at the start of year 2 and had decreased an additional 0.5% at the start of your The loan was 80% loan-to-value on a property worth $260.000, and it was fully amontno term of 30 years

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