Math, asked by singhsaurav3446, 11 months ago

George has obtained a $141,000 5/1 30 years ARM at 5%. During the first 3 years, he has an option of paying interest only. If he were to accept this offer, what would his initial payment be?

Answers

Answered by joy1888

2

$39000 his initial payment

Answered by amberward7797

11

Answer: $587.50 APEX

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