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salantis [7]
3 years ago
9

Alex took out a 7/1 variable-rate mortgage for $140,000. The interest rate for the first period was fixed at 5.25%, and the loan

was amortized over 30 years. At the end of the initial loan period, the interest rate was 6.75%, plus a 1.5% margin. What was Alex's monthly mortgage payment during the initial fixed-rate period?
Mathematics
2 answers:
Lilit [14]3 years ago
6 0

Answer:

$773.09

Step-by-step explanation:

Ap ex

Volgvan3 years ago
4 0

Answer:

$123,740.97

Step-by-step explanation:

just took the Àpex quiz

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375 \times 4 = 1500
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3 years ago
Lakisha has a total of $8000 to invest in two accounts for 1 year. One pays 5% simple interest, and the other pays 6% simple int
expeople1 [14]
Simple interest rate is given by:
I=(PRT)/100
let the amount invested in 5% S.I. be $x and amount invested in 6% S.I. be $(8000-x)
Interest obtained from 5% will be:
I=5/100×1×x=0.05x

Interest obtained from 6% will be:
I=6/100×1×(8000-x)=0.06(8000-x)
therefore total interest earned from the to schemes will be:
0.05x+0.06(8000-x)=438
solving for x we obtain:
0.05x+480-0.06x=438
0.05x-0.06x=438-480
-0.01x=-42
x=-42/(-0.01)
x=$4200
hence amount invested in 5% S.I. is $4200 and amount invested in 6% S.I. is (8000-4200)=$3800
5 0
3 years ago
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Find two ways to make 88 "4" four times, you may use any of the four operating symbols(+, -, *, /)the square rot symbol or the s
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Answer:

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