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. Suppose you have a 30-year, 1-year adjustable ARM with a balance at the EOY2 of $139,632 and a monthly payment for year 3 of

. Suppose you have a 30-year, 1-year adjustable ARM with a balance at the EOY2 of $139,632 and a monthly payment for year 3 of $1239.88. If the margin is 2.50, what is the value of the index to produce this payment?

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