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Mathematics, 04.10.2020 03:01 cathydaves

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 will the unpaid balance on her mortgage be after her initial
period expires?
A. $123,740.97
B. $126,805.34
C. $122,773.09
D. $138,224.23

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Velida took out a 5/1 variable-rate mortgage for $150,000. The interest rate for the first period w...
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