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:
not all are like that and some are like that because there family struggles so they can't buy alot of things or many take showers there are many reasons
Answer:
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Answer: 4x
Step-by-step explanation: Move all terms that don't contain y to the right side and solve. y = 4x
3/4 - 3/5
common denominator is 20
15/20 - 12/20 = 3/20
3/20 is your answer
multiply the opposite denominator with current numerator to get your new numerator number
hope this helps