PLEASE HELP ASAP
Macy has a 20 year adjustable rate mortgage with a fixed rate for the first 7 years. In the 8th year, the interest rate rises to 6.2%. The remaining balance at the end of the 7th years is $398,381.20. What is the monthly payment in the 8th year?

$3,725.90

$2,553.73

$3,928.96

$2,900.28

Question

PLEASE HELP ASAP
Macy has a 20 year adjustable rate mortgage with a fixed rate for the first 7 years. In the 8th year, the interest rate rises to 6.2%. The remaining balance at the end of the 7th years is $398,381.20. What is the monthly payment in the 8th year?
 
$3,725.90 

$2,553.73 

$3,928.96 

$2,900.28

anonymous · Answer

@amistre64 @ankit042 @UnkleRhaukus @ash2326

anonymous · Answer

@NaCl

anonymous · Answer

@NaCl anything?

anonymous · Answer

:c I'm trying to see , but i'm going to do the best I can

anonymous · Answer

thanks so much!!

anonymous · Answer

@NaCl want to just skip that one and move onto another??

anonymous · Answer

@NaCl because i have been stuck on that for an hour