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Question: ADJUSTABLE-RATE MORTGAGES Three years ago, Samantha secured an adjustable-rate mortgage (ARM) loan to help finance the purchase of a house. The amount of the original loan was $150,000 for a term of 30 yr, with interest at the rate of 7.5%/year compounded monthly. Currently the interest rate is 7%/year compounded monthly, and Samantha's monthly payments are due to be recalculated. What will be her new monthly payment? Hint: Calculate her current outstanding principal. Then, to amortize the loan in the next 27 yr, determine the monthly payment based on the current interest rate.
Fenton and Farrah Friendly, husband-and-wife car dealers, are soon going to open a new dealership
The average of two numbers, a and b, is given. The average is 75 one number is 91, what is the other number? Please show all work.
Explain Stock probability, We have been informed that the stock has gone up 20%. What is the probability of a rise or fall in the GDP?
Part A: Describe the solution(s) to the equation by just determining the radicand. Show your work. Part B: Solve 4x2+ 8x - 5 = 0 by using an appropriate method. Show the steps of your work, and explain why you chose the method used.Part C: Solve 2x..
In your own words, briefly compare the strengths and weaknesses (pros and cons) of the graphical, substitution, and elimination methods as applied to the solution of two equations with the same two variables in each.
The United States House of Representatives has 78 women representative with 59 being democrats and 19 being republicans. If a lobbyist for AARP randomly selects three different representatives to visit what is the probability
The 4-tuples in a 4-ary relation represent these attributes of published books: title, ISBN, publication date, number of pages.
two large containers a and b of the same size are filled with different fluids. the fluids in containers a and b are
The number of new contributors to a public radio station's annual fund drive over the last ten years is. Develop a trend equation for this information, and use it to predict next year's number of new contributors.
Continuous Probability Distribution - Independent Events, A certain airplane has two independent alternators to provide electrical power. The probability that a given alternator will fail on a 1-hour flight is .02.
Find the general solution of the system.
A farmer builds a fence with two gates, each 4 meters wide, around a square field x meters on a side. The cost of the fence is $20 per meter plus $300 per gate. Give an expression for the project cost in terms of x.
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