Cecil has obtained a $139,000, 5/1 30-year arm at 5%. during the first 3 years, he has an option of paying interest only. if he accepts this offer, what would be his initial payment? a.$732.09 b.$756.92 c.$579.17 d.$587.50

The initial payment will be $579.17

Step-by-step explanation:

Cecil has obtained a $139,000, 5/1 30-year ARM at 5%.

During the first 3 years, he has an option of paying interest only. So, it is simple interest.

Simple interest is given as :

here, p = 139000

r = 5%

t = 30

Putting values in formula:

= $208500

As this is interest for 30 years or 360 months. So, for initial interest we will divide the interest with 360.

≈ $579.17

Therefore, the initial payment will be $579.17

x = -3

y = -18

step-by-step explanation:

to solve by substitution, substitute one variable and solve for the other. then substitute again to find the remaining variable.

x-1/3(3x-9) = -3 since y=3x-9 substittute y.

x-1/3(3x-9)=-3

x + x +3 = -3

2x+3=-3

2x+3-3= -3-3

2x=-6

x=-3

substitute again into y=3x-9

y=3(-3)-9

y=-9-9

y=-18

step-by-step explanation:

i think something is missing in your question because y-1=(x-12) would not pass through the point (-4,-3). because if you replace x by -4 your are supposed to find y=-3 which is not the case her. if you replace x by -4 you find =-15.

i assume the right equation is y-1=1/4*(x-12) because this one is passing through both your points (if you are interested to know how i found that out i can tell you).

in this equation if i replace x by -4 i find y=-3 and if i replace x by 12, i find y=1 so the line representing this equation is passing through those 2 points.

then the standard form of the equation is finding an expression of y in function of x

y-1=1/4*(x-12)

y=x/4-3+1

y=x/4-2

hope that .

do you confirm there was a mistake in the question?