Question: 30 year variable rate mortgage offers a first year teaser rate of 3.11%. After that the rate starts at 54 adjusted based on actual interest

30 year variable rate mortgage offers a first year teaser rate of 3.11%. After that the rate starts at 54 adjusted based on actual interest rates. If the mortgage is $325,000 compute the monthly payment during the first $1255 $1370 OS1225 $1389

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