Question: do you have a example of ARM formulas with amount 100,000 with the term 20*12, margin 2% , index rate 2.5% with an index rate

do you have a example of ARM formulas with amount 100,000 with the term 20*12, margin 2% , index rate 2.5% with an index rate of first adjustment 5.0% , periodic rate 2%, principal balance 97,386.12 with a interest rate 2%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!