A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 one year ago
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 25year 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
anonymous
 one year ago
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 25year 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

This Question is Closed

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1Go here http://www.bankrate.com/calculators/mortgages/mortgagecalculator.aspx and type in the given mortgage amount, time in years, and annual rate

NathalyN
 one year ago
Best ResponseYou've already chosen the best response.0http://www.bankrate.com/calculators/homeequity/compareloanscalculator.aspx

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1click "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
 one year ago
Best ResponseYou've already chosen the best response.0Thank You so much!!! @jim_thompson5910 This is amazing and definitely helped me out!!! :D

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1I'm glad you find it handy as I do too
Ask your own question
Sign UpFind more explanations on OpenStudy
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.