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You are seeking a ( 3 0 - year ) ARM loan of $ 2 5 0 , 0 0 0 which will charge 2

You are seeking a

(30 -

year

)

ARM loan of $

250, 000

which will charge

2

points. Assuming

you keep this loan for

4

years, what are your CF

s and the yield to lender

(

expressed as

APR

) ?

What do you pay each year in interest?

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