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Mathematics, 09.02.2021 20:00 kenxkeith

Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year 5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years?

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Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year 5/1 ARM...
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