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Question 5 2 pts You have been offered a $500k 7/1 Hybrid ARM Loan with 1pt in origination fees, teaser of 4.8%, margin of 288bp,

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Question 5 2 pts You have been offered a $500k 7/1 Hybrid ARM Loan with 1pt in origination fees, teaser of 4.8%, margin of 288bp, and future composite rates indexed to LIBOR, which was 3.24% at the time of origination. What is the anticipated size of the 85th monthly payment of this ARM Loan if interest rates are assumed not to change? Please indicate your answer to the cents place, with two digits right of the decimal Question 5 2 pts You have been offered a $500k 7/1 Hybrid ARM Loan with 1pt in origination fees, teaser of 4.8%, margin of 288bp, and future composite rates indexed to LIBOR, which was 3.24% at the time of origination. What is the anticipated size of the 85th monthly payment of this ARM Loan if interest rates are assumed not to change? Please indicate your answer to the cents place, with two digits right of the decimal

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