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Suppose you have a 3 0 - year, 1 - year adjustable ARM with a balance at the EOY 1 of $ 2 9 6

Suppose you have a 30-year, 1-year adjustable ARM with a balance at the EOY1 of $296,316 and a monthly payment for year 2 of $2,041.15. If the margin is 2.50, what is
the value of the index to produce this payment? USING FINANCIAL CALCULATOR KEYSTROKES

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