Question

I am failing my class and I need to graduate.

McKenzie obtains a mortgage for $150,000 with the following terms:

20 year 6/1 ARM at 3.5% with a 2/7 cap structure
Initial monthly payment: $869.94
What will be the balance of the loan at the end of the initial interest rate period?
Group of answer choices

a. $87,364.35

b. $121,689.86

c. $131,117.25

d. $115,409.62

Answer 1

hi

Answer 2

hi!

Answer 3

im going to do this

Answer 4

you're an angel

Answer 5

what grade level is this

Answer 6

0-0

Answer 7

12th

Answer 8

ig im not an angel......

Answer 9

12

Answer 10

you are also an angel

Answer 11

im jk

Answer 12

I appreciate y'all, im freaking out lol

Answer 13

nice ok the other one was 12th to

Answer 14

yes

Answer 15

ok im not in 12th im in

Answer 16

8th

Answer 17

me either

Answer 18

im that smart

Answer 19

your failing

Answer 20

you need me to help you

Answer 21

y'all are so much smarter than me lol, im good at art but I am so so so bad at math

Answer 22

math is ez

Answer 23

all you need to now x -+/. that's all you need to now for now

Answer 24

if you dont now how to do all those in math than you need

Answer 25

help!!!!!!!!!!!!

Answer 26

lol thank you

Answer 27

hold on theres one thing i dont now

Answer 28

and i need to know if I'm right

Answer 29

cap structure

Answer 30

what is it

Answer 31

uhhhh idk

Answer 32

ok im going to look it up

Answer 33

lol sorry

Answer 34

ooooooohhhhhhhhhhhhhhhh i don't understand it

Answer 35

let me see there s thing i need to leanr ok im going to get back to this question later

Answer 36

ur totally fine, don't worry about it :)

Answer 37

no i am this is a challenge i need to do