240 decreased 15%Percent of change
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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 />
Given the following functions below,
Factorising the denominators of both functions,
Factorising the denominator of f(x),
Factorising the denominator of g(x),
Multiplying both functions,
This is my answer - a beautiful image. You haven’t attached the image to determine the answer, please do!
