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Abby is looking at a 3.25% APR 7/1 30 year ARM. Her mortgage amount is $332,000....
Abby is looking at a 3.25% APR 7/1 30 year ARM. Her mortgage amount is $332,000. What is her monthly mortgage payment for the first seven years of the mortgage? For the 8th year, the interest rate increases to 4.1%. What is her mortgage payment during the 8thyear.
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As nothing was mentioned excel is used.
jeff jeffy answered 10 months agoRelated Solutions
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