kdelobel04 kdelobel04

27-10-2022
Mathematics

Answered

You have a choice between a 30-year fixed rate loan at % and an adjustable rate mortgage (ARM) with a first year rate of %. Neglecting compounding and changes in principal, estimate your monthly savings with the ARM during the first year on a $ loan. Suppose that the ARM rate rises to % at the start of the third year. Approximately how much extra will you then be paying over what you would have paid if you had taken the fixed rate loan?

Answer :

Other Questions

Jim took out a loan for $7500 and was charged simple interest at an annual rate of 4.7%. The total interest he paid on the loan was $141. How long was the loan

fixed rate mortgage. question posted.

Aubrey took out a loan from a bank at % interest compounded quarterly after 2 years the balance on the loan was 8 ,000.00 how much interest had accumulated on t

Question 5 (1 point) (03.02 MC) Initially, there were only 86 weeds in the garden. The weeds grew at rate of 29% each week. The following function represents th

total amount 20 year term

You have a fish pond and want to purchase (5) newgoldfish for the pond. You have $ 12.00. Write and solve an inequality that represents the prices you can pay f

Write the given function as the composition of two functions.y = -√/15+6xChoose the correct answer below.A. If f(x) = -√x and g(x) = 15 + 6x, then y = f(g(x)].X

Based on historical data, your manager believes that 28% of the company's orders come from first-time customers. A random sample of 157 orders will be used to e

17. You are choosing between two cellphone plans. Data Plan A has a monthly fee of $40 with a charge of $15 per gigabyte (GB). Data Plan B has a monthly fee of

Need the first 5 answers