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anonymous
 one year ago
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 30year 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 15year, fixedrate 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.
anonymous
 one year ago
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 30year 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 15year, fixedrate 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.

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Jack1
 one year ago
Best ResponseYou've already chosen the best response.0so 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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