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Abby is looking at a 3.25% APR 7/1 30 year ARM. Her mortgage amount is $332,000....

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Finance

Abby is looking at a 3.25% APR 7/1 30 year ARM. Her mortgageamount is $332,000. What is her monthly mortgage payment for thefirst seven years of the mortgage? For the 8th year, theinterest rate increases to 4.1%. What is her mortgage paymentduring the 8thyear.

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Abby is looking at a 3.25% APR 7/1 30 year ARM. Her mortgageamount is $332,000. What is her monthly mortgage payment for thefirst seven years of the mortgage? For the 8th year, theinterest rate increases to 4.1%. What is her mortgage paymentduring the 8thyear.please show work

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