Question

Karla and Juan are purchasing a house and are financing $590,000. The mortgage is a 20-year
6/1 ARM at 3.75% with a 3/8 cap structure. What will the remaining balance be after the first 6 years?

$456,659.67

$481,013.90

$531,456.17

$506,961.20

Answer 1

@papsmurf

Answer 2

im trying to remember how to do this

Answer 3

okay :)

Answer 4

@jdoe0001 here see if you can help her i cant remember how to do this

Answer 5

its okay i got it thanks :)

Answer 6

ok(:

Answer 7

but thanks (:

Answer 8

would you happen to know this ?
Odette deposited $3,624.40 into a savings account with an interest rate of 2.1% compounded annual. About how long will it take for the account to be worth $7,000?

Answer 9

31 years, 9 months

30 years, 9 months

92 years, 0 months

28 years, 4 months

Answer 10

@papsmurf