How much interest would be paid on a five year adjustable


How much interest would be paid on a five year adjustable mortgage that is interest only. The principal amount is 1 million. The teaser rate is 3 percent. The index for the rate adjustments are as follows: 3%,4.2%, 6%,5%. The margin is 3%. The annual cap is 2% and the maximum lifetime cap is 7.5%,

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Financial Management: How much interest would be paid on a five year adjustable
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