ethannila

29.11.2021 • 

Mathematics

The bhatts purchased a new home for $244,000 with a down payment of $47,000. They obtained a 25 year adjustable rate mortgage with the following terms. The interest rate is based on the one year treasury bill rate, which is currently at 0.5% and the add-on rate, which is 1.5%. The initial rate period is five years and there after the interest rate is adjusted once a year and a new monthly mortgage payment is calculated. a) The Bhatts initial ARM rate is %
b) The initial monthly payment for principal and interest is $.
c) The Bhatts new ARM rate after the 5-year initial rate period is %.

Ответ:

phsycotic121

04.06.2022

Mathematics

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470<x<530

Step-by-step explanation:

Let x be number of acceptable words

|x-500|<300        

we write absolute value inequality representing the acceptable number of words, given the fact that absolute deviation is at most 30 words

-30<x-500<30

500-30<x-500+500<30+500

470<x<530.

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