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:
[0.184, 0.266]
Step-by-step explanation:
Given:
Number of survey n =280
Number of veterans = 63
Confidence interval = 90%
Computation:
Probability of veterans = 63/280
Probability of veterans =0.225
a=0.1
Z(0.05) = 1.645 (from distribution table)
Confidence interval = 90%
So,
p ± Z*√[p(1-p)/n]
0.225 ± 1.645√(0.225(1-0.225)/280)
[0.184, 0.266]
<h2>Answer:</h2>
$0.32.
<h2>Explanation:</h2>
1 gallon = 128 fluid ounces.
So to find the price of an 8 ounce glass of Moo Milk we need to multiply (8/128) x 5.12.
That equals $0.32.
Answer:
zero
Step-by-step explanation:
since there is no number less than 1 on the spinner, the probability of getting number less than one is zero.