Question

Financial Algebra Help!

Julian and Morgan obtain a 30-year 4/1 ARM at 3.9% with a 3/13 cap structure in the amount of $182,345. What is the remaining balance on the mortgage after the first four years?

$141,062.12

$168,476.64

$172,148.77

$173,946.01

Answer 1

@Paki Are you good with Financial Algebra? (:

Answer 2

Anyone? I really need some help with this

Answer 3

hello u still there

Answer 4

Yes I am! Sorry didn't noticed that someone actually replied xD

Answer 5

@kjones0331

Answer 6

yep

Answer 7

Sooo you can help me?

Answer 8

I will try

Answer 9

Try away lol

Answer 10

no i am an engineer :-) but know little bit business too :-)

Answer 11

Okay (:

Answer 12

@hartnn

Answer 13

brb, have to eat lunch :l

Answer 14

shouldn't take too long though

Answer 15

ok

Answer 16

@shadosord

Answer 17

Are you stuck shadosord

Answer 18

hold on

Answer 19

sorry but I have to go sorry @AdrianK

Answer 20

@hartnn @ParthKohli @Mellmell2454

Answer 21

why ami in this

Answer 22

to help

Answer 23

ok what lesson / unit are you guys in

Answer 24

This is for AdrianK and she left for lunch 20 min ago.

Answer 25

Okay, I'm back! Sorry about that guys!

Answer 26

AdrianK Mellmell needs you to tell him what lesson u are in

Answer 27

This is for the final exam review and the question doesn't tell me which lesson it is from

Answer 28

@jigglypuff314

Answer 29

@ganeshie8 Think you might be able to help with this one?

Answer 30

This question was asked 4 times before 7 months ago, and neither have been answered.

Answer 31

Which is why I though I'd try again. Apparently no body likes this question -_-

Answer 32

I'm about to close the question though since no one seems to know what to do with it ):

Answer 33

ok sorry

Answer 34

It's quite alright! You were the only one that actually tried to help, so thank you so much!

Answer 35

I have no idea what any of the terms mean :/
maybe this can help a little >,<
http://ezinearticles.com/?What-is-a-5/1-ARM?&id=111063
http://www.investopedia.com/terms/i/capstructure.asp

Answer 36

Thanks Jigglypuff314!

Answer 37

I'm horrible at interest rate problems to begin with, sorry that I can't help more :(

Answer 38

It's okay! Thanks for trying lol @jigglypuff314

Answer 39

What grade level is this because I am only in 9th

Answer 40

12th grade lol

Answer 41

Closing the question, but thanks again to those who tried to help! Very much appreciated (:

Answer 42

np

Answer 43

Well, though i wish i knew how to get the answer, i took the test and it was $168476.64
If i figure out how to solve it i will post it