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How do I calcualte APR on Variable Rate Mortgages?
I am trying to compute the APR for Variable Rate Mortgages. The data I have
is the following: Loan Type: 5/1 ARM Amount:$100,000 Index: 4.3 Margin: 2.75% Rate: 6.125% Term: 30 Years Is there any way using Excel formulas that I can calculate this????? Thanks |
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