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MATH SOLVE
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Ben and Marge are purchasing a house with a 20-year, 5/1 ARM for $265,000 at 5.25% with a 3/12 cap s...
5 months ago
Q:
Ben and Marge are purchasing a house with a 20-year, 5/1 ARM for $265,000 at 5.25% with a 3/12 cap structure. What will the difference in payments be from year 5 to year 6?A. $925.81B. $880.29C. $369.32D. $234.39
Accepted Solution
A:
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