• anonymous
Last day of school math help pretty please<3 1.Stefani is purchasing a house and finances $410,350 of the purchase price. The mortgage is a 30-year 7/3 ARM at 6.5% with a 4/13 cap structure. What will the remaining balance be after the first seven years? 2. Maggie is financing $219,400 to purchase a house. How much money will she save over the life of a 15-year, fixed-rate loan by buying 2 points with a rate of 5.83% instead of not buying points with a rate of 6.28%? Round to the nearest dollar.
  • Stacey Warren - Expert
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  • chestercat
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  • Jack1
so Q1. what is the principal what is the interest rate what is the timespan and what is the interest structure (simple of compound)

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