if u have an ARM Mortgage maturing in 5 years with an interest of 3% what will

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if u have an ARM Mortgage maturing in 5 years with an interest of 3% what will be its monthly payment assuming principal of 500,000$ ?

Round to the Closest dollar

Hint: Assume that the mortgage is a fixed rate mortgage maturing in 30 years! ( Ignore the 5 year maturity)

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Feb 27, 2023 04:23 AM

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if u have an ARM Mortgage maturing in 5 years with an interest of 3% what will

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Principal 500000 Interest Rate 3 Term ... View the full answer

Personal Finance

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