Mathematics, 24.02.2020 23:47 julesperez22

George has obtained a $141,000 5/1 30-year ARM at 5%. During the first 3
years, he has an option of paying interest only. If he were to accept this offer,
what would his initial payment be?

Answers: 2

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George has obtained a $141,000 5/1 30-year ARM at 5%. During the first 3
years, he has an optio...

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More questions: Mathematics Another questions

George has obtained a $141,000 5/1 30-year ARM at 5%. During the first 3years, he has an option of paying interest only. If he were to accept this offer,what would his initial payment be?

Answers

Another question on Mathematics

George has obtained a $141,000 5/1 30-year ARM at 5%. During the first 3
years, he has an option of paying interest only. If he were to accept this offer,
what would his initial payment be?