Stella wants to buy a $177,000 house, and she is comparing a 7/1 ARM with an interest rate of 8 75%, amortized over 30 years, with a 7/23 balloon mortgage that has an
interest rate of 8.25%
24. What would Stella's monthly payment be for the 7/1 ARM?

Aprofessional hockey team has noticed that, over the past several seasons, as the number of wins increases, the total number of hot dogs sold at the concession stands increases. the hockey team concludes that winning makes people crave hot dogs. what is wrong with the hockey team's conclusion? a) it does not take into account the attendance during each season. b) it does not take into account the number of hamburgers sold during each season. c) it does not take into account the number of concession stands in the hockey arena. d) it does not take into account the number of seasons the hockey team has been in existence.