Question
if u have an ARM Mortgage maturing in 5 years with an interest of 3% what will be its monthly payment assuming principal of 500,000$
if u have an ARM Mortgage maturing in 5 years with an interest of 3% what will be its monthly payment assuming principal of 500,000$ ?
Round to the Closest dollar
Hint: Remember what I said in class that 5 year ARM are treated as 30 year fixed when monthly payment is calculated
| None of the Above | ||
| 2226 | ||
| 2108 | ||
| 1956 |
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Mutual Fund Industry Handbook
Authors: Gremillion
1st Edition
0471736244, 978-0471736240
