Excel. Refer to the Ch5 ARM Pmt Cap tab in the Excel template. Suppose the index goes

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Excel. Refer to the "Ch5 ARM Pmt Cap" tab in the Excel template. Suppose the index goes to 18 percent in year 5. What is the effective cost of the ARM? Does the payment cap keep the effective cost from rising?

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Real Estate Finance And Investments

ISBN: 9780073524719

13th Edition

Authors: William Brueggeman, Jeffrey Fisher

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