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frez [133]
3 years ago
13

George secured an adjustable-rate mortgage (ARM) loan to help finance the purchase of his home 5 years ago. The amount of the lo

an was $350,000 for a term of 30 years, with interest at the rate of 9%/year compounded monthly. Currently, the interest rate for his ARM is 3.5%/year compounded monthly, and George's monthly payments are due to be reset. What will be the new monthly payment
Business
1 answer:
Minchanka [31]3 years ago
4 0

Answer:

$1,680

Explanation:

during the first 5 years, the monthly payment will = $2,816.18

I prepared an amortization schedule. After the 60th payment, the principal owed = $335,580

the new monthly payment considering that the interest rate fell significantly to 3.5% = $1,680

calculation to determine the monthly payment:

present value of the loan = monthly payment x PVIFA

monthly payment = present value / PVIFA

PVIFA, 0.29167%, 300 periods = 199.7501

monthly payment = $335,580 / 199.7501 = $1,680

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Mention two hydrated salts.<br><br>​
Rzqust [24]

Answer:

Sodium sulfate decahydrate  and magnesium chloride hexahydrate are the two hydrated salts.

Explanation:

The hydrated salt is a type of crystalline salt molecule.This salt is loosely attached to the certain number of water particles In this the salts crystallize from the organic compound or  the ions that preserve some of the moisturizing water molecules and build up hydrates.

  • The hydrated salts is the acid-based molecule that are produced by the combination of the acid's anion as well as the basic anion.
  • The Water molecules are incorporated into the crystalline structure of the salt in hydrated salt.
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3 years ago
When a corporate employee takes up art out of self-interest and derives huge satisfaction while making a work of art, the corpor
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The corporate employee is most likely to be stimulated by achievement. By taking up something has a hobby and being good at it and then earning some income off of it, he/she is achieving success from the talent they have learned. By being satisfied of her work and able to share it with others, she's achieving her goals and surpassing them.

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3 years ago
Write an assessment of the logistical, financial, and any other considerations of implementing eMobile/eHealth information techn
Olin [163]

Explanation:

The use of mobile information technologies in organizations is increasingly essential, due to the speed with which business is currently carried out and the great competition. Intelligent systems are implemented in organizations so that there is speed in communication processes, as is the case with eMobile / eHealth that manages the quality of messages sent to an organizational mobile device, facilitating organizational communication to occur effectively, safely and quickly. , through the technology of requesting information contained in a corporate database. To maintain the security of the system, there must be an adequate and sophisticated implementation, to eliminate fraud and intrusions.

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3 years ago
All of the following are characteristics of SMART goals except
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The answer is without limits

4 0
4 years ago
Read 2 more answers
What was the average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979
borishaifa [10]

The average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979 was 3.20%.

<h3>What is average annual economic growth rate (AAGR) ?</h3>

The average annualised return of a portfolio, asset, or cash flow over time is known as the average annual growth rate, or AAGR.

The basic arithmetic mean of a set of returns is used to calculate AAGR.

Calculation for average annual economic growth rate:

Real per capita GDP in Singapore in 1957 was about $400 and it doubled to about $800.00 by 1979 over the period of 22 years.

Growth rate = (\frac{last value}{initial value} )^{\frac{1}{n} } -1

The last value = $800

The initial value = $400

n = number of years

Growth rate = (\frac{800}{400} )^{\frac{1}{22} } -1

                   = (2)^{\frac{1}{22} } -1

                   = 1.032 - 1

                   = 0.032

Growth rate % = 0.032×100

                        = 3.2%

Therefore, the growth rate in Singapore over 22 years are 3.2%.

To know more about Gross domestic product (GDP), here

brainly.com/question/1383956

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4 0
2 years ago
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