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
lisabon 2012 [21]
4 years ago
13

Aimee and Ben are purchasing a condominium and are financing $610,000. The mortgage is a 20-year 3/1 ARM at 4.15% with a cap str

ucture of 1.5/10. What will their payments be for the first 3 years?
Mathematics
1 answer:
JulsSmile [24]4 years ago
5 0
For the first 3 years, the interest will not be changed because of the 3/1 ARM policy. The interest will stay at 4.15%. The monthly payments will be based on the 4.15% and 20 year period. The interest is then converted to effective monthly rate by dividing by 12 and payments will computed using the formula
A = Pi (i + 1)^n / [(1 + i)^n - 1]
You might be interested in
What is $28 with 40% off before tax
Flura [38]
Amount Saved (Discount): $11.2
<span>Sale / Discounted Price: $16.8</span>
5 0
4 years ago
I need to find Y=Mx+b. I found M but i forgot how to find B. Help
Serggg [28]
B is just the y-intercept or where the line goes over the y axis so it would be 50
5 0
3 years ago
The prism is completely filled with 1750 cubes that have edge length of 1/5 feet. What is the volume of the prism,
Taya2010 [7]
We know that
the volume one cube=(1/5)*(1/5)*(1/5)=(1/125) ft³
the volume of prism=1750*(1/125)=14 ft³

the answer is 14 ft³

7 0
3 years ago
5) A bag contains eight red
Bumek [7]

Answer:

P(B,R) = 24.490%

Step-by-step explanation:

P(B,R) = 6/14 x 8/14 which can be simplified to become 12/49 or 24.490%

6 0
3 years ago
What does limit as x goes to infinity of the quotient of f of x and g of x equals 5 show? g(x) grows faster than f(x) as x goes
lubasha [3.4K]
Here i will get back to u i gotta do the work
5 0
3 years ago
Other questions:
  • One should continue to monitor his or her goals and adjust his or her plan for achieving them when it is necessary A:true B:fals
    12·2 answers
  • Which equation can be used to find the unknown length, a, in this triangle?
    8·2 answers
  • Solve the equation by completing the square. Round to the nearest hundredth if necessary. x2 + 2x = 15
    15·1 answer
  • What is the solution to the following system of equations?
    12·2 answers
  • Find the derivative of y=cos^2(5x^3-2x)
    14·1 answer
  • Solve by using the standard algorithm. <br> 8,401<br> x 305
    5·1 answer
  • Question on picture:
    14·2 answers
  • Image is(-6,-4) what is the pre image
    11·1 answer
  • I NEED HELP SOLVING THIS MATH PROBLEM. Which expression is equivalent to c-5c-2c?
    5·2 answers
  • Please help if you can
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!