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20 year 6/1 ARM at 3.5% with a 2/7 cap structure . Initial monthly payment: $869.94 . What will be the balance of the loan at the end of the initial interest rate period? (1 point) $121,689.86. $131,117.25. $115,409.62. $87,364.35. Marcie has a 30 year adjustable rate mortgage with a fixed rate for the first 5 … ................
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