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Business, 27.06.2019 01:20 tashakelly42

You have taken out a $350,000, 3/1 arm. the initial rate of 6.0% (annual) is locked in for three years. determine the owner’s equity in the property after three years if the market value of the property at the end of year 3 is $400,000. the interest rate after the initial lock period is 6.5%. (note: the term on this 3/1 arm is 30 years.)

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You have taken out a $350,000, 3/1 arm. the initial rate of 6.0% (annual) is locked in for three yea...
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