Question: Assume a $350,000 5/1 ARM has an initial coupon of 4.50%. What is the loan balance after 60 payments? Assume a $350,000 5/1 ARM has

Assume a $350,000 5/1 ARM has an initial coupon of 4.50%. What is the loan balance after 60 payments? Assume a $350,000 5/1 ARM has an initial coupon of 4.50%. What is the loan balance after 60 payments

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