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Homework -3 slides... - You are buying a manufactured home in the north suburbs. ARM: First year rate = 4.2%, 2/6 caps, 30-yr. amortization, margin
Homework -3 slides... - You are buying a manufactured home in the north suburbs. ARM: First year rate = 4.2%, 2/6 caps, 30-yr. amortization, margin = 2.5%, loan = $74,000. Index at end of yr. 1 = 4.6%, end of yr. 2 = 4.0%. Find monthly payment in years 1, 2 and 3
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
