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Consider a 20-year $160,000/1 ARM ng a 24% margin and based on the CMT index suppose the forest rate is tally and the value of

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Consider a 20-year $160,000/1 ARM ng a 24% margin and based on the CMT index suppose the forest rate is tally and the value of the CMT 47% to your war Autume that it was a mantly compounding (a) Calculate the monthly payment for the first years (b) Calculate the unpaid balance at the end of the first years c) Calculate the money payment for the other () The monthly payment for the first ve years as Round to the nearest comeded)

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