By studying business you are equipped with diverse knowledge and skills and also you will have a broad understanding of business skills. Most learners enjoy taking business studies not only to secure future security but also to gain diverse skills including managerial. However, some students find it hard to deal with the assignments. My homework writers offer business assignment help. Below is an example of a common question.
An ARM is made for $150,000 for 30 years with the following terms: Initial interest rate 7 percent Payments reset each year
Interest rate cap None
Payment cap 6 percent increase in any year
Fully amortizing; however, negative amortization is allowed if the payment cap reached
Beginning of year (BOY) 2 = 7 percent; (BOY) 3=9.5 percent.
Compute the payments and loan balance.
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