Question: this is the question before it, not much other info is given 9. The index to which an ARM is tied is forecasted as follows:

this is the question before it, not much other info is given given 9. The index to which an ARM is tied is forecasted

9. The index to which an ARM is tied is forecasted as follows: beginning of year (BOY)2 = 7%; BOY 3 = 8.5%. Compute the payments, and loan balances for an ARM that has a maximum 5% annual payment cap and does allow negative amortization for the first 3 years. 8. The index to which an ARM is tied is forecasted as follows: beginning of year (BOY)2 = 7%; BOY 3 = 8.5%. Compute the payments and loan balance for an unrestricted ARM with the following terms for the first three 3 years: 9. The index to which an ARM is tied is forecasted as follows: beginning of year (BOY)2 = 7%; BOY 3 = 8.5%. Compute the payments, and loan balances for an ARM that has a maximum 5% annual payment cap and does allow negative amortization for the first 3 years. 8. The index to which an ARM is tied is forecasted as follows: beginning of year (BOY)2 = 7%; BOY 3 = 8.5%. Compute the payments and loan balance for an unrestricted ARM with the following terms for the first three 3 years

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