Question: thank you using a ba 2 plus calculator 4. Mr. Watson buys a home with an ARM. The initial terms for the $385,000 loan are:

thank you using a ba 2 plus calculator 4. Mr. Watson

thank you using a ba 2 plus calculator

buys a home with an ARM. The initial terms for the $385,000

4. Mr. Watson buys a home with an ARM. The initial terms for the $385,000 loan are: 30 years amortization, monthly payments. 4.00% annual interest rate for two years, 2% 10% The outstanding balance for the loan after 24 months will be: a. $378,587.07 b. $365,883.30 c. $375,252.71 d. $371,163.79 25. Mr. Hoffman borrows $200,000 using an ARM with intial terms of: 30 years amortization, monthly payments of $1,073.64, 5.00% annual interest rate for th If the interest rate is reset after 36 months to 5.60%, what will be his new monthly pay Mr. Watson buys a home with an ARM. The initial terms for the $385,000 loan are: 30 years amortization, monthly payments, 4.00% annual interest rate for two years, 2%/6% caps. The outstanding balance for the loan after 24 months will be: a. $378,587.07 b. $365,883.30 c. $375,252.71 d. $371,163.79 25. Mr. Hoffman borrows $200 hoffman borrows $200,000 using an ARM with intial terms of: 07364. 5.00% annual interest rate for three years

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