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:
ok
Step-by-step explanation:
Find the mean, median, mode, and range of this data: 49, 49, 54, 55, 52, 49, 55. If necessary, round to the nearest tenth.
krok68 [10]
Answer:
Mean = 51.4.
Mode = 49.
Median = 52.
Range = 6.
Step-by-step explanation:
Mean = Sum of all observations / Number of observations.
Mean = (49+49+54+55+52+49+52)/7
Mean = 360/7
Mean = 51.4 (to the nearest tenth).
Mode = The most repeated values = 49 (repeated 3 times).
Range = Largest Value - Smallest Value = 55 - 49 = 6.
Median = The central value of the data.
First, arrange the data in the ascending order: 49, 49, 49, 52, 54, 55, 55.
It can be seen that the middle value is 52. Therefore, median = 52!!!
The correct term that would best complete the given statement above would be the word GUIDES. The guides <span>are two straight dotted lines, one horizontal and one vertical. This term "guide" is one of the terms used in Microsoft Powerpoint. Hope this is the answer that you are looking for. Thanks for posting!</span>