Answer:
A
Step-by-step explanation:
Refer to the picture.
Step 1: expand the bracket
Step 2: bring like terms together (e. G. Numbers, algebra like terms)
Step 3: simplify equation
Step 4: rearrange algebraic form to see which order fits the answer.
Reduce your fraction into lowest terms.
1 answer:
You might be interested in
Answer:
p-value = 0.0063
Step-by-step explanation:
PLEASE CHECK ATTACHMENT FOR COMPLETE SOLUTION AND STEP BY STEP EXPLANATION
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 />
where
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
We can conclude that the monthly payment during the initial period is $1071.58<span />