Question

14. Let's assume that you are applying for a mortgage in the amount of$380,000 at an interest rate of 7.5%. This is 30 year amortizing 10/1 ARM.What is the debt

service of this mortgage? A. $2,657.02 E. $2,634.75 C. $4,342.06 D. $4,510.67

Fig: 1

Fig: 2

Fig: 3

Fig: 4

Fig: 5