Question: Please give the answer and process of calculation 2) An adjustable rate mortgage with a teaser start rate of 1.5%, an index of six month

Please give the answer and process of calculation

Please give the answer and process of calculation 2) An adjustable rate

mortgage with a teaser start rate of 1.5%, an index of six

2) An adjustable rate mortgage with a teaser start rate of 1.5%, an index of six month LIBOR, a margin of 2.0%, what at the beginning of the fourth loan year if six month LIBOR is 4.5% at that time? a) 5.5% b) 65% c) 7.5% d) 8.5%

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