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Assume we have a $500,000 mortgage at 3.5% original interest rate, with a 30 year term and monthly payments. The interes
Posted: Sun Jul 03, 2022 6:43 am
by answerhappygod
- Assume We Have A 500 000 Mortgage At 3 5 Original Interest Rate With A 30 Year Term And Monthly Payments The Interes 1 (24.4 KiB) Viewed 13 times
Assume we have a $500,000 mortgage at 3.5% original interest rate, with a 30 year term and monthly payments. The interest rate can be adjusted at the end of each year, and we assume the rate increases 0.15% after the first year. What is the monthly payment for the second year of the loan? O2,338.24 2,238.17 none of the given answers 3,283.24 2,383.24