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Tywin Lannister borrows $749,000 from the Iron Bank to buy a small castle for his youngest son. The adjustable rate mortgage carries a 2.5 percent rate for the first 2 years. After that the rate will change annually to reflect market conditions. The annual cap is 3% (i. e., the largest increase in any year is 3%). The loan term is 30 years and payments are made monthly. What is the largest possible mortgage payment Tywin might owe when the interest rate resets at the beginning of the 3rd year
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Awell-written business plan can improve your chances of getting funding and give you more free time. improved logistics. greater negotiating power.
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Tywin Lannister borrows $749,000 from the Iron Bank to buy a small castle for his youngest son. The...
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