Answer:
$ 4242.76
Explanation:
Annual payment = rP / (1 - ( 1 + r)^-n)
r = rate = 9.5% 
P = the amount borrowed = $ 21000
n = number of years 
Annual payment = 0.095 ($ 21 000) / ( 1 - (1 + 0.095)⁻⁷ ) =  $ 4242.76
 
        
             
        
        
        
Answer:
This will be false 
Explanation:
Base on the scenario been described in the question, it is false because the rate can go above 8% at the first adjustment and according to how high the chosen index might rise, it can also go above 11% which is stated that it cannot, so it is false.
 
        
             
        
        
        
<span>designer/signature
bridge
contemporary
better
moderate
budget</span>
        
             
        
        
        
The answer is B,"Yes, eventually their debts must be repaid with interest.