4. Jackie obtains a 30-year 4/2 ARM at 5% with a 4/7 cap structure in the amount of $313,500.
What is the monthly payment during the initial period?
(1 point)
$1,832.69
$1,496.70
O $1,682.94
$870.83

Answers

Answer 1

The interest rate in during the initial period is given from which the

monthly payment is calculated to be $1682.94

Response (approximate value):

The monthly payment during the initial period is $1,682.94

What is an ARM and how does it determine the monthly payment?

The type of loan Jackie obtains is an Adjustable Rate Mortgage, ARM,

loan, which is a 4/2 ARM

Therefore;

The introductory interest rate of 5% is fixed for the first 4 years, and will

be adjusted every 2 years after the first four years.

[tex]Initial \ monthly \ payment, \ M = \mathbf{\dfrac{P \cdot \left(\dfrac{r}{12} \right) \cdot \left(1+\dfrac{r}{12} \right)^n }{\left(1+\dfrac{r}{12} \right)^n - 1}}[/tex]

Where;

M = The monthly payment during the initial period

P = The amount on loan = $313,500

r = 5% = 0.05

n = 30 × 12 = 360

Which gives;

[tex]M = \dfrac{313500 \times \left(\dfrac{0.05}{12} \right) \cdot \left(1+\dfrac{0.05}{12} \right)^{360} }{\left(1+\dfrac{0.05}{12} \right)^{360} - 1} \approx \mathbf{1682.94}[/tex]

The monthly payment during the initial period, M ≈ $1,682.94

Learn more about mortgage payment calculations here:

https://brainly.com/question/2151755


Related Questions

define what the word biased means in a sample

Answers

Step-by-step explanation:

I am biased against people, who put an English question into Mathematics.

it is a fundamental, basic, personality defining mindset or believe that drives preferences.

If the building is a regular pentagon with each side measuring 23 √149, what’s the perimeter?

Answers

Answer:

Step-by-step explanation:

Regular pentagon has 5 equal sides

Perimeter = 5* (23√149)

                 = 115√149

                 

                 

what is 9 x 10 + 22 i need help

Answers

Answer:

[tex]\sf{112}[/tex]

Step-by-step explanation:

[tex] \sf{9 \times 10 = 90}[/tex][tex] \sf 90 + 22[/tex][tex]\sf{112}[/tex]

In this exercise it is necessary to have knowledge about basic math operations, so the result of this equation is:

[tex]112[/tex]

How many basic operations are there?

The basic math operations are addition, subtraction, multiplication and division and represent the relationships of different numbers to each other.

Solving the given equation knowing that the order of priority for doing the calculations is:

First the multiplicationAccording to addition

So we have:

[tex]9*10=90\\90+22=112[/tex]

See more about basic operations at brainly.com/question/20628271

To fill a pool, Barb uses two hoses. The first hose is rated to fill the pool in 10 hours. The second hose is rated to fill it in 5 hours. If Barb adds a third hose that uses the slower rate, how long will it take to fill the pool ?

Answers

Answer: hose Is raled to fill Ihe pool in 10 hours erhe To fill a pool, Barb uses two hosesThe first third hose that uses {ha slower to fill it in 5 hours. If Barb adds second hose is rated "long will it take to fill the pool?

Give Brainliest! Thanks.

It will take 10/3 hours to fill the pool when both the hoses will work together.

The first hose is rated to fill the pool in 10 hours.

This means, In one hour hose will fill 1/10th part of the pool.

The second hose is rated to fill the pool in 5 hours

This means, In one hour hose will fill 1/5th part of the pool.

What will be the total part of the pool to be filled?

The total part of the pool to be filled will be 1.

Let us suppose both the hoses working together takes t hours to fill the pool

So, the first hose will fill the t/10th part of the pool.

The second hose will fill the t/5th part of the pool.

So, [tex]\frac{t}{10} +\frac{t}{5} =1[/tex]

15t =50

t=10/3

Therefore, It will take 10/3 hours to fill the pool when both the hoses will work together.

To get more about such problems visit:

https://brainly.com/question/1800429

A school needs to buy new notebook and desktop computers for its computer lab. The
notebook computers cost $275 each, and the desktop computers cost $350 each. How
much would it cost to buy 20 notebooks and 15 desktop computers? How much
would it cost to buy n notebooks and d desktop computers?

Answers

Answer:

$10750

275n+350d

hope this helps!!

Answer:

notebook computer= $5500

desktop computer= $5250

notebook and desktop computer= $10750

Step-by-step explanation:

First of all, we multiply $275 by 20 which would give you 5500. Next, we multiply 350 by 15 which gives you 5250. now to add the total number of notebook and desktop computers, we add them both, which results to 10750.

If I wash 24 dogs and used 4 bottles of shampoo, How many dogs can I wash with only 1 bottle of shampoo?

Answers

Answer:

6

Step-by-step explanation:

I hoped it helped!!!

You can just divide both 24 by 4 and 4 by 4 to make it 1.

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided.

A. Find the complement of the angle shown.
B. Find the supplement of the angle shown.
Show all your work.

Answers

Answer:

Complement is 38
Supplement is 128

Step-by-step explanation:


Ok, so you know a complementary angle is 90 degrees and a supplementary angle is 180. To find the complement of the angle is another way of saying “make it add up to 90” You would show your work by writing “x + 52 = 90” to find the complement and “x + 52 = 180” I am assuming you know how to solve from here and that’s how I got the answer. Let me know if you don’t understand

Each student in the class has 100 beads to use on a craft project. Angela used 78% of her beads, Vincent used 3/4 of his beads, Mitchell used 0.8 of his beads, and Caroline used 18/25 of her beads. Who has the least number of beads left?

Answers

Answer:

Caroline

Step-by-step explanation:

Angela = 100 × 0.78 = 78

Vincent = 100 × 3/4 = 75

Mitchell = 100 × 0.8 = 80

Caroline = 100 × 18/25 = 72

Who has the LEAST

Answer:

Caroline has the least number of beads. Caroline has 72 beads

How do I solve this with explanation?

Answers

Answer:

x=148

Step-by-step explanation:

x it is verticle from and across from 148 which is congruent to x and x=148

The exact circumference of a circle is 30tt. What is the diameter?

Answers

Step-by-step explanation:

the circumference of a circle is

C = 2 × pi × r

r = radius = diameter / 2

diameter = 2r

in our case

30×pi = 2×pi×r

30 = 2r = diameter

so, the first answer option is correct.

2 out of every 5 dogs at the dog park are girl dogs.  If there are 25 dogs at the dog park how many are girls.​

Answers

Answer:

10 dogs

Step-by-step explanation:

we make 5 times 5 to get 25

then we make also 2 times 5 to know the number of girl dogs

then the answer will be 10

Tracy ran 5 blocks north and then 7 blocks east. How far away is she from her starting point.

Answers

Tracy is 12 blocks away from starting point

What is the exact value of the side length of a square with an area of 30 square units?

Answers

Answer:

5.48

Step-by-step explanation:

Using the formula

A=a2

Solving for a

a=A=30≈5.47723

You and your friend go out to dinner the cost of the meal is $45. 22 they want to leave a 20% tip how much should they leave for tip

Answers

Answer:

What is 5% of 45.22?

That would be about 2.3

Now times that by 4 then there is your answer :)

PLEASE ANSWER THIS ASAP
Insert a monomial so that the derived equality will be an identity.

Answers

Answer:

Step-by-step explanation:

(a +b)² = a² + b² + 2ab

a = 3a and b = 2.5b

2ab = 2*3a*2.5b = 15ab

15ab is the monomial that needs to be inserted

For a standard normal distribution, find the approximate value of P (z greater-than-or-equal-to negative 1. 25). Use the portion of the standard normal table below to help answer the question. Z Probability 0. 00 0. 5000 0. 25 0. 5987 1. 00 0. 8413 1. 25 0. 8944 1. 50 0. 9332 1. 75 0. 9599 11% 39% 61% 89%.

Answers

Answer:

89%

Step-by-step explanation:

Can someone help me with this? I can’t understand it, please it’s urgent :(

Answers

Answer:

1. d

2. e

3. f

4. h

5. l (that's an L btw)

6. i

7. a

8. b

9. c

10. j

Step-by-step explanation:

If you need additional help, reply in the comments.

Hope this helped! :)

Please can people help me ( I will be giving brainlyist if 2 people answer)

Answers

Answer:

c. 18 feet

Step-by-step explanation:

The area is 180ft². The height is 10ft.

Now, we need to divide 180ft² by 10ft.

180/10 = 18

ft²/ft = ft

The length of the wall is 18ft.

Answer:

The measure of the wall given is square ft., meaning you can divide it by either length or height to get the corresponding side.

We are given a height of 10 ft.

So 180 / 10 = 18ft

L = 18ft

Have a lovely day!

can anyone please help me find the length of X?

Answers

Solution:

Note that:

2(Perimeter of smaller triangle) = Perimeter of larger triangle

Using the perimeter of the smaller triangle, solve for x.

2(Perimeter of smaller triangle) = Perimeter of larger triangle=> 2(3.5 + x + h) = 7 + 4 + 2h=> 7 + 2x + 2h = 7 + 4 + 2h=> 2x = 4=> x = 2

The length of x is 2 units.

44,100? 4.41 x 103
11
-
>

Answers

Answer:

45471.51 rounded answer = 45500

PLEASE I WILL GIVE BRANILIST pleaseeeeeee

Answers

Answer:

12 is 48% of 25

Step-by-step explanation:

One way we can find a percentage of two numbers is to divide, and then multiply our quotient by 100. In this case, the question is: What percent of 25 is 12? We will divide 12 by 25, which gives us 0.48. 0.48 x 100 is 48, which gives us our answer: 12 is 48% of 25.


Select all the expressions that are equivalent.

4 – 2k
4k + 2
-2k + 4

2k - 4

Answers

Answer:

A and C:

[tex]4 - 2k \: = - 2k + 4[/tex]

Round to the nearest whole number
3.6

Answers

3.2 and 3.6 become 4 , but -3.2 and -3.6 become -4 . down - rounds towards zero.

so 4 thanks for the points and you are welcome for the answer.

The length of the base of a parallelogram is 14 meters. The parallelogram has an area of 308 square meters.

What is the height of the parallelogram?

Answers

Answer:

22 m

Step-by-step explanation:

A = bh

308 m² = 14 m × h

h = (308 m²)/(14 m)

h = 22 m

Answer: 22 m

Find the value of x

Answers

Answer:

27 degrees      

Step-by-step explanation:

12: 180 = 3x - 17 + x + 40 + 2x - 5

180 = 6x + 18

180 - 18 = 6x

162 = 6x

x = 27 degrees

Answer:

Remember the Triangle Angle Sum theory which states that all angles of a triangle add up to 180˚. With this, make the following equation:

(3x-17) + (x + 40) + (2x - 5) = 180

Get rid of parenthesis

3x - 17 + x + 40 + 2x - 5 = 180

Group like terms:

3x + 2x + x + 40 - 17 - 5 = 180

Simplify

6x + 18 = 180

Subtract 18 from both sides.

6x + 18 - 18= 180 -18

6x= 162

Divide both sides by 6

6x/6= 162/6

x= 27

The radius of a circle is 12 in.

Find its circumference in terms of Pie

Answers

Answer:

24[tex]\pi \\[/tex]

Step-by-step explanation:

circumference=2rpi

which makes it dpi

12*2=24

so the  circumference is 24pi

Answer:

C = 24π inches

Step-by-step explanation:

the circumference (C) of a circle is calculated as

C = 2πr ( r is the radius ) , then

C = 2π × 12 = 24π inches

help me please., please I need help

Answers

Answer: ok well instead of me answering do your best then ill tell you

Step-by-step explanation:

If y = 6x − 3, which of the following sets represents possible inputs and outputs of the function represented as ordered pairs?

{(0, 3), (1, −9), (2, −15)}
{(0, −3), (2, 15), (4, 21)}
{(0, −3), (2, 9), (4, 21)}
{(0, 3), (−2, 15), (4, 21)}

Answers

{(0, -3), (2, 9), (4, 21)} is the answer. Just a little help tho search up Desmos next time its a graphing calculator :P

Hope this helps please give brainleist and rating

If you are 80% done with a project, and it took you 7 hours, how much longer until you are 100% done?

Assume you are working at the same rate. Show your work.

Answers

Step-by-step explanation:

80% = 7

divide by 80

1% = 0.0875

times by 100

100% = 8.75

8.75 - 7 = 1.75/1 hr 45 minutes more minutes till 100%

At what point does y = 2x + 3 intercept: a) The y-axis: b) The x-axis:​

Answers

Answer:

a)(0, 3)

b)(-3/2, 0)

Step-by-step explanation:

a) y-axis : x=0

so instead of x you write 0 : y = 2 * 0 + 3

and you get y = 3

b) x-axis : y=0

so instead of y you write 0 : 0 = 2 * x + 3

2 * x = -3

x = -3/2

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