Question: answerwithout using excel Assume that a lender offers a 30 -year, ( $ 150,000 ) adjustable rate mortgage (ARM) with the following terms: Initial interest

answerwithout using excel Assume that a lender offers a 30 -year, $ \$ 150,000 $ adjustable rate mortgage (ARM) with the following terms: Initial interest rate $ =7.5 $ percent Index $ = $ one-year Treasuries Payments re 2 answers

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