In this case we have an ARM fixed for 6 years and adjust after the initial first 6 years every 2 years after. The basic idea behind a ARM is that the interest changes periodically, but since our ARM is fixed for 6 years, our going to calculate the monthly payment during the initial period using the formula:

where

is the monthly payment

is the amount

is the interest rate in decimal form

is the number years
First we need to convert our interest rate of 4% to decimal form by dividing it by 100%:

We also know from our question that

and

, so lets replace those values into our formula to find the monthly payment:


We can conclude that the monthly payment during the initial period is $1071.58<span />
Answer:
30
40 - 5x
Step-by-step explanation:
Caroline is taking test worth 40 points that has 5 points per question. If she got 2 questions wrong, she would have a score of `30.
2 × 5 = 10
40 - 10 = 30
If Caroline got x questions wrong, she would have a score of 40 - 5x.
Answer: The change in temperature each hour was 6 degrees celsius.
Step-by-step explanation: 48 divided by 8 = 6
Answer:
Inches
Step-by-step explanation:
Answer: The correct answer is inches because radius and Diameter are always given in a single form unit of measure.
Inches units represents the diameter of the circle.
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<u><em>Hope this helps.</em></u>