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:7x^2
Step-by-step explanation:
The answer is B.
In the question it says "the intercept of 6" which means the equation has to have +6 in the answer, and there is only one answer choice containing that.
Answer:
no solutions
Step-by-step explanation:
Answer:
Your coordinates would be:
(1,8) (1,5) (5,8)
Hope this helps!