Financial Math: Calculating Monthly Payment for ARM Part 1
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YouTubeMs. Hearn
Financial Math: Calculating Monthly Payment for ARM Part 1
Demonstrates how to use a formula and a calculator to find the regular monthly payment for a mortgage. In this video, which is Part 1 of 2, we look at the first installment period for an ARM (Adjustable Rate Mortgage). In Part 2, we look at the monthlypayment for the second installment period, when the interest rate goes up.
9.3K viewsJul 15, 2016
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