Velida took out a 5/1 variable-rate mortgage for $150,000. the interest rate
for the first per...
Mathematics, 08.12.2019 21:31 juniorracer148
Velida took out a 5/1 variable-rate mortgage for $150,000. the interest rate
for the first period was fixed at 5.25%, and the loan was amortized over 30
years. at the end of the initial loan period, the interest rate was 6.75%, plus a
1.5% margin. what was velidas monthly mortgage payment during the initial
fixed-rate period?
Answers: 1
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