anonymous
  • anonymous
I Need SERIOUS Help NOW!!!! Will give medals** Stella is purchasing a house and finances $240,650 of the purchase price. The mortgage is a 25-year 6/2 ARM at 5.5% with a 3/10 cap structure. What will the remaining balance be after the first six years? A) $106,401.60 B) $134,248.40 C) $208,762.58 D) $218,847.88
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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anonymous
  • anonymous
@annas @lilaj1242
jim_thompson5910
  • jim_thompson5910
Go here http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx and type in the given mortgage amount, time in years, and annual rate
NathalyN
  • NathalyN
http://www.bankrate.com/calculators/home-equity/compare-loans-calculator.aspx

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jim_thompson5910
  • jim_thompson5910
click "show amortization schedule" then scroll down to June 2021 (which is 6 years from now) and look in the last column to find the remaining balance
anonymous
  • anonymous
Thank You so much!!! @jim_thompson5910 This is amazing and definitely helped me out!!! :D
jim_thompson5910
  • jim_thompson5910
no problem
jim_thompson5910
  • jim_thompson5910
I'm glad you find it handy as I do too

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