Question: Math Questons (36-40) six points each. Show work for partial credit If you need more room, please continue on back side of exam and clearly
Math Questons (36-40) six points each. Show work for partial credit If you need more room, please continue on back side of exam and clearly mark your answer and which question it answers. 36) How much interest would be paid on a $500.000 floating-rate, interest-only loan with 1.5% teaser rate, spread of 3%, index for years 15 are 3.0%,3.6,%,4.25%,4.5%,5.0%, respectively that has 2% annual caps and 7.5% lifetime cap
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