Question: Consider an Adjustable Rate Morteage amortized over 3 0 years with annual interest rate of 5 % for the first 3 6 monthly pay enents.

Consider an Adjustable Rate Morteage amortized over 30 years with annual interest rate of 5% for the first 36 monthly pay enents. For the 37 th payment and beyond, ansume the annuat interest rate changes to 8 for the reminder of the loan
Because of the interest rate change, the loan will be poid off:
biter thas originally plaverd. so move than 30 yeirs toed.
There in not enouch information ts tell.
ealier than originally planeed, so less thas 30 years total.
I will vell tube a botal of 30 yems to pay off the loant
Consider an Adjustable Rate Morteage amortized

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