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Given the following information for a 30-year, $180,000 ARM loan, what is the ending balance for year 3: Margin, 3%, index for the beginning of
Given the following information for a 30-year, $180,000 ARM loan, what is the ending balance for year 3: Margin, 3%, index for the beginning of year 2, 3%; Index for the beginning of year 3, 5%; teaser, 6%. Assume no cap. Given the following information for a 30-year, $180,000 ARM loan, what is the ending balance for year 3: Margin, 3%, index for the beginning of year 2, 3%; Index for the beginning of year 3, 5%; teaser, 6%. Assume no cap
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