Ask your own question, for FREE!
Finance 15 Online
nandov:

Kristi and Jason are purchasing a house and are financing $355,000. The mortgage is a 30-year 6/2 ARM at 3.25% with a 3/6 cap structure. What will the remaining balance be after the first 6 years?

dude:

This has been answered before https://questioncove.com/study#/updates/512421dce4b086b98ebd8b79 But I am not completely sure how they were able to get it I did use an online calculator to coincide with the answer https://www.mortgagecalculators.info/calc-monthlypayment.php#begincontent (Of course this was assuming the interest rate was flat)

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
KBaby: Verse 1 We left our names in the dust of the driveway Watched the old town shrink
32 minutes ago 3 Replies 0 Medals
KBaby: Lyrics Generator Use AI to write the lyrics for a song. Suggested Genres: Pop Hip
51 minutes ago 1 Reply 0 Medals
Arriyanalol: whats the oldest hurricane name
2 days ago 4 Replies 1 Medal
aitexturegenerator: How are you all handling AI-generated textures for 3D models and game assets without losing the hand-made feel? I've been doing a small stylized environment
2 days ago 4 Replies 2 Medals
KBaby: need sum1 to talk to
2 days ago 2 Replies 0 Medals
Skyler14: my doggo
2 days ago 3 Replies 1 Medal
Demon25: Woke up feeling like that girl and that dude well he still aint crap pluse the du
4 days ago 4 Replies 0 Medals
playtsec: how do I get rid of stress from teachers... I just feel like running out the classroom and leaving on my own.
5 days ago 21 Replies 2 Medals
JohnnyLFowler0812: What type of gamer would play something and then get off for a while. Why not sta
6 days ago 9 Replies 1 Medal
JohnnyLFowler0812: Which is better? Metallica Rap Country R&B hiphop Medal Gospel Chill Which 3 opti
6 days ago 0 Replies 0 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!