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 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
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

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

Fenetre135
 one year ago
Best ResponseYou've already chosen the best response.0I don't know I mean...I tried the formula but it didn't work.

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

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

Fenetre135
 one year ago
Best ResponseYou've already chosen the best response.0nevermind I figured it out. I'm sorry XD

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

TheBonc
 one year ago
Best ResponseYou've already chosen the best response.0I now know that it isn't $396,038.65
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