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in excel (15 Percent) An ARM contract with 2/1 interest rate caps and a 2.00 margin is $100,000, monthly payments for 30 years. The contract
in excel 
(15 Percent) An ARM contract with 2/1 interest rate caps and a 2.00 margin is $100,000, monthly payments for 30 years. The contract rates for the first two years are 5.00% and 5.50%, respectively. At the end of year two index value is 4.00%, What is the payment of the loan in year three Step by Step Solution
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The Oxford Handbook Of Computational Economics And Finance
Authors: Shu-Heng Chen, Mak Kaboudan, Ye-Rong Du
1st Edition
0199844372, 978-0199844371
