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q18 solve a, b, c Consider a 20-year $150,000 S1 ARM having a 2.1% margin and and on the CMT index. Suppose the interest rates

q18 solve a, b, c image text in transcribed
Consider a 20-year $150,000 S1 ARM having a 2.1% margin and and on the CMT index. Suppose the interest rates and the value of the CUT 5.38 vesti (a) Calculate the monthly payment for the first years (b) Calculate the unpaid balance at the end of the first years c) Calculate the monthly payment for the oth year

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