1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MakcuM [25]
2 years ago
11

If Art has a 7/1 ARM, how long will the fixed interest rate be applied to his loan?

Mathematics
1 answer:
natta225 [31]2 years ago
4 0

Answer:

step-by-step explanation:

A 7/1 ARM is a mortgage that has a fixed interest rate in the beginning, then switches to an adjustable or variable one. The 7 in 7/1 indicates the initial fixed period of seven years. After that, the interest rate adjusts once yearly based on the index stated in the loan agreement, plus a margin set by the lender.

You might be interested in
Find the value of y in the equation 3/y-2=8
Marina86 [1]
<span>3
---  </span>-2 = 8<span>
y

</span>3
---  = 8+2
y

3
---  = 10
y
3
       
         3
y = ------
        10
4 0
3 years ago
Read 2 more answers
Please help me ;v; its hard-
Fed [463]

Ask a teacher? :)!!!!!!!!!!!!

7 0
3 years ago
Read 2 more answers
What are compatible numbers
Naya [18.7K]
Compatible numbers<span> are </span>numbers<span> that are close in value to the actual </span>numbers<span>, and which makes it easier to do mental arithmetic.</span>
4 0
4 years ago
Read 2 more answers
Commission for every car he sells. The equation below gives Curtis' annual salary, S, in dollars after selling cars, C. Based on
pogonyaev

Answer:

$60,000

Step-by-step explanation:

Hi, to answer this question we have to analyze the function given:

S = 60,000 + 300C

Since 60,000 is a constant, it is Curtis’s base salary.

If doesn’t sell any car, he will only earn the amount of his base salary.

Mathematically speaking:

For C =0

S = 60,000 + 300(0)

S= 60,000

Feel free to ask for more if needed or if you did not understand something.

5 0
3 years ago
7-4+6=7 Complete the equation to make it equal
boyakko [2]

Answer:

7-4+6=7 + 2

Step-by-step explanation:

7 0
4 years ago
Other questions:
  • Help me with this and i'll mark u as the brainest
    6·2 answers
  • Please help me! I need the answer pretty fast...
    13·1 answer
  • What is the probability of being dealt exactly three of a kind (like three kings or three 7’s, etc.) in a five card hand from a
    9·1 answer
  • is this true or fals, if three sides of one triangle are congruent to three sides of another triangle then the triangles are con
    12·1 answer
  • The sum of two and a five times number
    6·2 answers
  • Answer ASAP please <br> Choose the correct equation for it
    9·1 answer
  • What is the rate of change for the data in the table?
    12·1 answer
  • Literally the last question pls get it right
    14·2 answers
  • Based on a sample survey, about
    15·1 answer
  • Write the interval using interval notation to describe the set of values shown above.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!