Question: The initial monthly payment on an adjustable rate mortgage with a balance of $100,000, an interest rate of 8.5% annually and a term of 30

The initial monthly payment on an adjustable rate mortgage with a balance of $100,000, an interest rate of 8.5% annually and a term of 30 years will be

$3,711.78

$733.76

$768.91

$3,688.83

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