subject
Mathematics, 06.01.2021 18:30 janeou17xn

2. Savannah took out a 7/1 variable-rate mortgage for $114,000. The interest rate for the first period was fixed at 6.15%, and the loan was amortized over 30 years. At the end of the
initial loan period, the interest rate was 7.15%, plus a 1.25% margin. Use this information to
figure out how much Savannah's monthly payment increased in the eighth year of her
mortgage. (10 points: Part 1 - 2 points; Part II - 2 points; Part III - 2 points; Part IV - 2 points;
Part 1 - 2 points)
I
Part I: What was Savannah's monthly payment for the first 7 years of the loan?

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
Jasmine wants to eat at 8: 00pm her meal takes 65mins to cook what time does she need to put the meal in the oven
Answers: 2
question
Mathematics, 21.06.2019 18:30
It says factor each expression completely 8y+48
Answers: 1
question
Mathematics, 22.06.2019 00:30
Ican interpret and represent the remainder in division calculations sensibly for the context (eg if we wont to know how many 40 seat buses will be needed to transport 170 students for on excursion, we divide 170 by 40 and realise buses and another smaller vehicle to that we need 4 transport 10 more students) solve the following questions. show your work! 11) the zoo had 420 butterflies that needed to be transported to a new enclosure. the boxes that the butterflies would be moved in only hold 80 butterflies in each. how many boxes would they need? 2 12) each classroom in the school can have exactly 25 students, if there are 345 students in the school how many full classrooms are there?
Answers: 2
question
Mathematics, 22.06.2019 01:00
£100.80 divided by 14 equals 7.2 how would we put this as money
Answers: 1
You know the right answer?
2. Savannah took out a 7/1 variable-rate mortgage for $114,000. The interest rate for the first per...
Questions
question
Biology, 24.03.2021 20:10