kirianderson212 kirianderson212
  • 04-05-2018
  • Mathematics
contestada

Vernon has obtained a $105,000, 5/1 30-year ARM at 5%. During the first 3 years, he has an option of paying interest only. If he accepts this offer, what would be his initial payment?

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anonymous552455 anonymous552455
  • 09-05-2018
The answer is $437.50. (APEX)
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arlethortega arlethortega
  • 10-04-2019

Answer: 437.50

Step-by-step explanation:

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