The following problem involves adjustable-rate mortgage. You the given table if necessary.
Suppose your mortgage is $55,400 for 25 years. The index rate is 1.5% and the margin is 2.5%. Find the initial monthly payment.
A. $292.42
B. $313.42
C. $385.50
D. None of the above is correct.
Answer: A
You might also like to view...
Provide an appropriate response.According to the rules for the order of operations, what should be the first step when simplifying the expression [-3 + (-11 + 5)] + (-5 + 9)?
A. find the sum of -3 and -5 B. find the sum of -11 and 5 C. find the sum of -3 and -11 D. find the sum of 5 and -5
Evaluate the geometric series or state that it diverges.1 + +
2+
3 +
4 + . . .
A.
B. 3
C.
D. diverges
Answer the question.What is the constant term of the expression -18p3 - 7p2 - 10p + 4p4 - 3 ?
A.
B. 1
C. -10p
D. 0
Universal Instruments found that the monthly demand for its new line of Galaxy Home Computers t months after placing the line on the market was given by .
?
Select the graph of this function. At what level is the demand expected to stabilize?
?
A. ?
1,900 computers
B. ?
?
1,800 computers
?
C. ?
2,100 computers
?
D. ?
1,800 computers
?
E. ?
1,900 computers