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Marina86 [1]
4 years ago
11

Joseph has obtained a $169,000, 5/1 30-year ARM at 5%. During the first 3 years, he has an option of paying interest only. If he

accepts this offer, what would be his initial payment?
A. $756.92
B. $746.18
C. $579.17
D. $704.17
Mathematics
2 answers:
vazorg [7]4 years ago
5 0
The answer would be D.$704.17 (Hope this helps)
Romashka [77]4 years ago
5 0

Answer:

The initial payment will be D. $704.17

Step-by-step explanation:

Joseph has obtained a $169,000, 5/1 30-year ARM at 5%.

During the first 3 years, he has an option of paying interest only. So, it is simple interest.

Simple interest is given as :

\frac{p\times r\times t}{100}

here, p = 169000

r = 5%

t = 30

Putting values in formula:

\frac{169000\times5\times30}{100} = $253500

As this is interest for 30 years or 360 months. So, for initial interest we will divide the interest with 360.

\frac{253500}{360}=704.166 ≈ $704.17

Therefore, the initial payment will be $704.17

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Which expression results from using the Distributive Property? 2(5 + 3r)
Natasha_Volkova [10]

Answer:

6r + 10

Explanation:

2(5 + 3r)

= (2)(5 + 3r)

= (2)(5) + (2)(3r)

= 10 + 6r

= 6r + 10

5 0
3 years ago
If you have an email that is stressing you out and you sleep on it before emailing it, you have shown which character trait?
natulia [17]
Answer:

Self-control

Why:

Most people would feel pressured to respond to an email, you are showing self-control by resisting the urge.
3 0
3 years ago
HELPPPPPPPPPPPPPPPPP PLZZZZZZZZZZZZZZZZZZZZZZ
Amiraneli [1.4K]

Answer:

54$

Step-by-step explanation:

If 6% per year for 3 years, we can do 6 x 3 = 18 to find the total interest percent over all the years. Then we can do 18% of 300 = 54 Therefore, you will gain 54$ of simple in three years.                

P.S. Dont fall for those link scams! ;)

Hope this helped! If it did, please give me brainliest! It would help a lot! Thanks! :D

3 0
3 years ago
It costs $100 to rent the bowling alley, plus $4 per person. The cost for any number (n) of people can be found using the expres
d1i1m1o1n [39]

Answer:

It would cost $160 for 15 people to rent the bowling alley

Step-by-step explanation:

First, let's identify what we know:

1) It costs $100, just to rent the bowling alley.

2) We have to add $4 dollars, for every extra person.

3) The total cost can be found by using the expression 100 + 4n = x (n equals number of people, x equals total cost, 100 equals intial rent charge, and 4 equals the charge for each individual person)

So, just input 15 into the equation!

100 + 4(15) = x

100 + 60 = x

x = $160

7 0
3 years ago
What's (7.3 x 10^-1) (.004) in standard notation
lions [1.4K]

Answer:

.73(.004) or .00292

Step-by-step explanation:

First, you should look at the equation: (7.3x10^-1). This means you would have to move the decimal to the left one time. So, the equation would be .73(.004).

If you wanted to find the answer to this equation, you would get .00292.

Standard notation: (.73)(.004).

6 0
3 years ago
Read 2 more answers
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