SUBMIT ANSWER NEXT Question 8 of 10 Multiple Choice: Please select the best answer and...
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SUBMIT ANSWER NEXT Question 8 of 10 Multiple Choice: Please select the best answer and click "submit." Lexi has obtained a 5/1 30-year ARM to purchase a $125,000 home. The fixed- interest rate is 4.75%, followed by a 5% rate with a 1.25% margin, what will her new monthly payment be after the initial fixed period ends? O A. $719.37 O B. $754.48 O C. $704.70 O D. $707.98
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