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<span>Bart and April are purchasing a house with a 15-year, 2/1 ARM for $315,000 at 5.85% with a 2/8 cap structure. What will the difference in payments be from year 2 to year 3?
$333.68 </span>
The answer should be A, if he marked it up 70% just multiply 66 by 1.7 for your answer.
2/12 or 3/2 I don’t really know
"Product" means to multiply, so you have to multiply 379 by 8 to get 3,032; it's between the numbers 3,031 and 3,033