Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
 0 viewing
Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20year
5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years?
$396,038.65
$427,354.28
$407,836.29
$377,238.57
 one year ago
 one year ago
Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20year 5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years? $396,038.65 $427,354.28 $407,836.29 $377,238.57
 one year ago
 one year ago

This Question is Closed

SerikMBBest ResponseYou've already chosen the best response.0
can you tell what each letter mean?
 one year ago

Fenetre135Best ResponseYou've already chosen the best response.0
I don't know I mean...I tried the formula but it didn't work.
 one year ago

SerikMBBest ResponseYou've already chosen the best response.0
have you any model answers for similar question, i'm not familiar with financail applications
 one year ago

SerikMBBest ResponseYou've already chosen the best response.0
what's B, Bm, i, nt and m there?
 one year ago

Fenetre135Best ResponseYou've already chosen the best response.0
nevermind I figured it out. I'm sorry XD
 one year ago

TheBoncBest ResponseYou've already chosen the best response.0
what answer did you get, fenetre?
 one year ago

TheBoncBest ResponseYou've already chosen the best response.0
I now know that it isn't $396,038.65
 11 months ago
See more questions >>>
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.