Jacey obtains a 30-year 6/2 ARM at 4% with a 2/6 cap structure in the amount of $224,500. What is the monthly payment during the initial period?

Answers

Answer 1
The answer is $1,071.80.
Answer 2

General Idea:

We need to make use of the below formula to find the monthly payment..

[tex] Monthly \; Payment\; =\; \frac{P \times \frac{r}{12}}{(1-(1+\frac{r}{12})^{-m})} \\ \\ Where:\\ P\; is\; Principal\\ r\; is\; rate\; in\; decimal\; form\\ m\; is\; number\; of\; monthly\; payments [/tex]

Applying the concept:

Given:

[tex] P=\$224,500\\ r=4\%=0.04\\ m=30\; year \times 12 \; months/year=360\\ [/tex]

Substituting the given in the formula we will get the monthly payment.

[tex] Monthly\; Payment\; =\; \frac{224500 \times \frac{0.04}{12}}{(1-(1+\frac{0.04}{12})^{-360})} =\frac{\frac{8980}{12}}{(1-0.301796)} =\frac{748.3333}{0.698204} \\ \\ Monthly \; Payment= \$1071.7975 [/tex]

Conclusion:

The monthly payment during the initial period is $1072.


Related Questions

The least common denominator of two fractions is 30. If you add the two denominators, their sum is 17. What are the denominators?

Answers

x+y=17
x*y=30
It should be 15 and 2

Jerry goes to the bank and borrows $9,000 for farm equipment. The simple yearly interest is 9.5% and he pays off the loan over a period of 2 years with 24 equal monthly payments. What’s Jerry’s monthly payment

Answers

Final answer:

Jerry's monthly payment can be calculated using the formula for the monthly payment on a loan. Plugging in the given values will give the exact monthly payment amount.

Explanation:

To calculate Jerry's monthly payment, we can use the formula for the monthly payment on a loan:

Monthly Payment = P × r × (1 + r)^(n) / ((1 + r)^(n) - 1)

Where:

P is the principal amount borrowed, which is $9,000r is the monthly interest rate, which is calculated by dividing the annual interest rate by 12 and converting it to a decimal. In this case, it would be 9.5% / 12 = 0.0079 (rounded to four decimal places)n is the total number of payments, which is 2 years × 12 months = 24 months

Plugging in the values:

Monthly Payment = $9,000 × 0.0079 × (1 + 0.0079)^(24) / ((1 + 0.0079)^(24) - 1)

Simplifying this equation will give us the monthly payment amount.

Which is one of the transformations applied to the graph of f(x) = x2 to change it into the graph of g(x) = 4x2 + 24x + 30?

The graph of f(x) = x2 is widened.
The graph of f(x) = x2 is shifted left 3 units.
The graph of f(x) = x2 is shifted up 30 units.
The graph of f(x) = x2 is reflected over the x-axis.

Answers

The graph is shifted left 3 units.

We know that the graph of f(x) is NOT widened, because for a number c greater than 1, cf(x) stretches the graph vertically, not horizontally. 

We know that the graph of f(x) is NOT shifted up 30 units. It is tempting to say this because we do see +30 as the last term. But, we have to calculate the vertex of g(x). If we find the point [tex]P( \frac{-b}{2a}, g(\frac{-b}{2a}))[/tex], that is, by taking doing [tex] \frac{-24}{2*4} = -3[/tex], [tex]g(-3)=-6[/tex], we see that the vertex is six units down from f(x), not 30 units up!

We know that the graph of f(x) is NOT reflected over the x-axis, because there would need to a negative coefficient on the [tex]x^2[/tex]-term, and there isn't.

We know that the graph of f(x) IS shifted 3 units to the left. When we calculated the vertex earlier, we saw that it is [tex](-3,6)[/tex], which indeed corresponds to a shift 3 units to the left from the origin.

The graph of f(x) = x2 is shifted left 3 units.


The solution set for 7q2 − 28 = 0 is { }. (Separate the solutions with a comma) NextReset

Answers

7q^2 - 28 = 0

7q^2 = 28 
q^2 = 4
q = +/-2
 solution set is {-2,2}

Answer:

{ 2,-2}

Step-by-step explanation:

In order to solve this set we just have to first clear the "q":

[tex]7q^{2} -28=0\\7q^{2} -28+28=+28\\7q^{2} =28\\\frac{7q^{2}}{7}  =\frac{28}{7} \\q^{2}=4\\\sqrt{q^{2}} =\sqrt{4} \\q= 2, -2[/tex]

So as we know the solution for a square root is always a negative and positive number, so the solutions ser for 7q2-28=0 is 2 and -2

The coordinates of triangle DEF are Upper D left parenthesis 3 comma 3 right parenthesis​, Upper E left parenthesis 8 comma 3 right parenthesis​, and Upper F left parenthesis 5 comma 7 right parenthesis. If you translate triangle DEF 2 units right and 3 units down​, what are the coordinates of Upper E​'?

Answers

The answer would be (10 , 5)

given that (-8,- 7) in on the graph of f(x), find the corresponding point for the fuction f(x -4)

Answers

The point (x1,y1) on the graph of f(x) is the point (x1-a,y1) for the function
f(x+a)

(-8,-7)=(x1,y1)→x1=-8, y1=-7
f(x-4)=f(x+a)→a=-4

(x1-a, y1)=(-8-(-4), -7)=(-8+4, -7)=(-4,-7)

The corresponding point for the fuction f(x -4) is (-4,-7)

helpppppppppppppppppppppppp

Answers

[tex] \sqrt{-80} \\ [/tex]
We can write it as:
[tex] \sqrt{-1} \times \sqrt{80} [/tex]
Apply imaginary number rule:
[tex] \sqrt{-1} =i[/tex]
We  get
[tex] =\sqrt{80} i[/tex]
Now factorise 80.
80=4 x 4 x 5 = 4² x 5
[tex] \sqrt{80}i = \sqrt{4^2 \times 5} i [/tex]
[tex] =\sqrt{4^2} \times \sqrt{5} i \\ =4 \sqrt{5} i[/tex]
[tex]Answer: \ 4 \sqrt{5} i[/tex]

For this case what you should do is rewrite the function.
 We then have to rewrite:
 root (-80)
 root (- (16 * 5))
 4raiz (-5)
 Then remember that:
 Root (-1) = i
 We have then:
 4raiz (5) i
 Answer:
 The equivalent expression is:
 4raiz (5) i
 (option 3)

A rectangle is 1/3 yards long and 2/3 yards wide. What is the area of the rectangle? Enter your answer in the box as a fraction in simplest form.

Answers

To find the area of a rectangle, multiply the length by the width. For a rectangle that is 1/3 yards long and 2/3 yards wide, the area is 2/9 square yards, which is the answer in simplest form.

The question asks us to calculate the area of a rectangle that is 1/3 yards long and 2/3 yards wide. The formula to compute the area of a rectangle is length  imes width.

First, multiply the length and the width:

Length: 1/3 yards

Width: 2/3 yards

Area = (1/3) times (2/3) yards sq

Area = 2/9 square yards

This is the simplest form of the fraction, so this is the final answer: The area of the rectangle is 2/9 square yards.

What is general form of equation of a circle with center at (a,b) and radius of length m?

Answers

All points on a circle has the same distance (radius) to the center. Specifically, the distance from point (x,y)to center (a,b) is \sqrt((x-a)^2+(y-b^2)), which is equal to radius m. So \sqrt((x-a)^2+(y-b^2))=m. Square both sides, (x-a)^2+(y-b)^2=m^2.

The general form of the equation of a circle with centre at [tex]\((a, b)\)[/tex] and radius [tex]\(m\)[/tex] is: [tex]\[ x^2 + y^2 - 2ax - 2by + (a^2 + b^2 - m^2) = 0 \][/tex].

The general form of the equation of a circle is [tex]\( (x - h)^2 + (y - k)^2 = r^2 \)[/tex], where [tex]\((h, k)\)[/tex] represents the centre of the circle and [tex]\(r\)[/tex] represents the radius.

If we expand and rearrange this equation, we get [tex]\( x^2 + y^2 - 2hx - 2ky + (h^2 + k^2 - r^2) = 0 \)[/tex].

Comparing this with the given options, we see that [tex]\( h = a \), \( k = b \), and \( r = m \)[/tex].

Substituting these values into the general form, we get [tex]\( x^2 + y^2 - 2ax - 2by + (a^2 + b^2 - m^2) = 0 \)[/tex], which matches the correct option.

Complete Correct Question:

What is the general form of the equation of a circle with center at (a, b) and radius of length m?

a. x2 + y2 - 2ax - 2by + (a2 + b2 - m2) = 0.

b. x2 + y2 + 2ax + 2by + (a2 + b2 - m2) = 0.

c. x2 + y2 - 2ax - 2by + (a2 + b2 + m2) = 0.

d. x2 + y2 + 2ax + 2by + a2 + b2 = -m2.

A machine can produce 27 inches of ribbon in 3 minutes.how much ribbon can the machine produce in 1 hour produce in 1 hour?

Answers

540 it produce in a hour

The base of a parallelogram is 24 inches longer than three times the height. The area of the parallelogram is 384 square inches. What is the height?

The height is x = ________ inches.

Answers

To find the height of the parallelogram, set up the equation (3x + 24) x = 384 using the formula for the area of a parallelogram. Solve the resulting quadratic equation to find that x, representing the height, is 8 inche

The student is trying to find the height of a parallelogram when the base is 24 inches longer than three times the height and the area is 384 square inches. Let the height of the parallelogram be represented by x inches. According to the problem, the base (b) is 3x + 24 inches. Using the formula Base x Height = Area of parallelogram, we can set up the equation:

(3x + 24) x= 384

Now solve for x using the distributive property:

3x^2 + 24x = 384

Next, set the equation to zero:

3x^2 + 24x - 384 = 0

Divide the entire equation by 3 to simplify:

x^2 + 8x - 128 = 0

Factor the quadratic equation:

(x + 16)(x - 8) = 0

Set each factor equal to zero:

x + 16 = 0 or x - 8 = 0

Since the height cannot be negative, x = 8 is the solution. Therefore, the height of the parallelogram is 8 inches.

50 POINTS AND BRAINLIEST!!! QUICK

3. At a zoo, the lion pen has a ring-shaped sidewalk around it. The outer edge of the sidewalk is a circle with a radius of 11 m. The inner edge of the sidewalk is a circle with a radius of 9 m.

(a) Write and simplify an expression for the exact area of the sidewalk.
(b) Find the approximate area of the sidewalk. Use 3.14 to approximate π.

Answers

A)

R = outside radius
r = inside radius

equation: ( pi*R^2) - (pi*r^2)

B)
 3.14 x 11^2 - 3.14 x 9^2

379.94 - 254.34 = 125.6 square meters






A = pi r^2  pi 9^2 81pi  81 * 3.14 = 254.34   pi 11^2 = 121pi   121 * 3.14 =379.94
379.94 - 254.34 = 125.60 area of sidewalk

Hope it helps  

How many real number solutions exist for 2x2 + 8x + 8 = 0?

Answers

Hello,

There is one solution with multiplicity 2.
[tex]2x^2+8x+8=0\\ 2(x^2+4x+4)=0\\ 2(x+2)^2=0\\ Sol=\{ {-2}\} [/tex]

Final answer:

There are no real number solutions for the given equation.

Explanation:

The given equation is 2x² + 8x + 8 = 0. To find the number of real number solutions for this equation, we can use the discriminant of the quadratic equation. The discriminant is given by the formula D = b² - 4ac, where a, b, and c are the coefficients of the quadratic equation.

In this case, a = 2, b = 8, and c = 8. Substituting these values into the formula, we get D = 8² - 4(2)(8) = 16 - 64 = -48.

Since the discriminant is negative (-48), there are no real number solutions for the equation. Therefore, the answer is 0.

50 POINTS!!!! NEED HELP!!! 2 QUESTIONS!!!! please answer correctly. i begging u

♦Dawson, a 42-year-old male, bought a $180,000, 20-year life insurance policy. What is Dawson's annual premium? Use the table.

♦Rachel, a 45-year-old female, bought a $120,000, a 20-year life insurance policy through her employer. Rachel is paid biweekly. How much is deducted from each of her paychecks for life insurance? Use the Table.

Answers

Dawson's annual premium will be $2,462.40. This can be found by going across from "Male 40-44" over to "20-year coverage" which is $13.68. Since $13.68 is per $1000 of coverage, you would multiply it by 180 to get $2,462.40.

Rachel's checks I believe would have a deduction of $63.14.

♦Dawson, a 42-year-old male, bought a $180,000, 20-year life insurance policy. What is Dawson's annual premium? Use the table.


Dawson is 42, with a 20 year premium coverage, which will amount to $13.68 per $1000. Multiply $13.68 with 180 (because there are 180 $10,000)


13.68 x 180 = $2462.40


annual premium = $2462.40


-------------------------------------------------------------------------------------------------------------------


To solve the next one, Rachel bought a 20 year life insurance, which amounts to $17.56 per $1000


$63.14 is your answer


-------------------------------------------------------------------------------------------------------------------


hope this helps


The yearly profit of a company in thousands of dollars is given by the finction P(x) =3000+1200-6x^2 where x is the amount in thousands the company spneds on advertising. Find the amount ,x, that the company has to spend to maxamize its profit

Answers

the maximum or minimum happens when x=-b/2a
x=-1200/[2*(-6)]=100


the maximum happens when x=100

He measure of one angle of an octagon is twice that of the other seven angles. what is the measure of each angle? answer: ,

Answers

Final answer:

The measure of one angle in an octagon is 135.625 degrees.

Explanation:

Let's denote the measure of one angle as x.

Since there are eight angles in an octagon,

the sum of all the angles in the octagon is 180(x) + 7(2x) = 180x + 14x = 194x.

We know that the sum of the angles in any polygon is equal to (n-2) times 180 degrees, where n is the number of sides of the polygon.

Therefore, 194x = (8-2) × 180. Solving this equation,

we find that x = 135.625. So, the measure of each angle is 135.625 degrees.

Learn more about Polygon angles here:

https://brainly.com/question/32997378

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What power do you raise a number to to get the square root of it?

Answers

Answer:  To get the "square root" of a number,  you can raise a number to the 
  "(1/2)" exponent.

The graph illustrates a reflection of abc . What line is abc reflected across to create a'b'c'?

Answers

triangle ABC is reflected over the y axis
the answer is : y-axis

Find the equation for the line that passes through the point (1, 3), and that is perpendicular to the line with the equation −3x − 4y = 13.

Answers

-3x - 4y = 13
-3 - 12 = 13
-15 = 13

PLEASE HELP ME ON THIS!!

LET ME KNOW IF WHAT I PUT IS CORRECT OR NOT..

BRAINLIEST AVAILABLE

Answers

Through 1-3 There should be a line that goes from (0,0) to (3,15) as they did work for three hours. The rest seems fine.

The perimeter of a rectangular outdoor patio is 60 ft. the length is 4 ft greater than the width. what are the dimensions of the patio? l w

Answers

The length of rectangular outdoor patio is 17 feet and the width is 13 feet.

Given that, the perimeter of a rectangular outdoor patio is 60 ft.

What is the perimeter of a rectangle?

The perimeter of a rectangle is the total distance of its outer boundary. It is twice the sum of its length and width and it is calculated with the help of the formula: Perimeter = 2(length + width).

Let the width of the rectangular outdoor patio be x.

Then, the length is 4 ft greater than the width = x+4

Now, perimeter = 2(x+x+4)

⇒ 2(2x+4) = 60

⇒ 4x+8=60

⇒ 4x=52

⇒ x=13

Length = x+4 = 17

Therefore, the length of rectangular outdoor patio is 17 feet and the width is 13 feet.

To learn more about the perimeter of a rectangle visit:

https://brainly.com/question/15287805.

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Two circle are inscribed inside squares. Write a function f in terms of the radius r that represents the area of the shaded region. Leave your answer in terms of π.

f(r)=___

Answers

The function [tex]f[/tex] in terms of the radius [tex]r[/tex] that represents the area of the shaded region is [tex]f(r) = 2\pi\cdot r^{2}[/tex].

The area of the shaded region is the sum of the areas of the two circles of same radius, each of them represented by the following formula:

[tex]A_{r} = \pi\cdot r^{2}[/tex] (1)

Where:

[tex]A_{r}[/tex] - Area of the circle.[tex]r[/tex] - Radius of the circle.

Then, the formula for the shaded area is:

[tex]f(r) = 2\cdot A_{r}[/tex]

[tex]f(r) = 2\pi\cdot r^{2}[/tex] (2)

The function [tex]f[/tex] in terms of the radius [tex]r[/tex] that represents the area of the shaded region is [tex]f(r) = 2\pi\cdot r^{2}[/tex]. [tex]\blacksquare[/tex]

Remark

The figure is missing and the statement present mistakes. Correct statement is shown below:

Two circle are inscribed inside squares. Write a function [tex]f[/tex] in terms of the radius [tex]r[/tex] that represents the area of the shaded region. Leave your answer in terms of π.

To learn more on areas, we kindly invite to check this verified question:  https://brainly.com/question/1631786

Adventure Play sells an mp3 player for $18.00 and charges $3.25 per song. King Music sells a player for $23.00 and charges $2.00 per song. For how many songs will the cost be the same?

Answers

Answer: 4

Explanation:

Translate the english language to mathematical (algebraic) language.

This implies to define the variables and translates the statements into equations.

1) Adventure Play sells an mp3 player for $18.00 and charges $3.25 per song.

Cost = price of the mp3 player + price each song * number of songs

Variables:

number of songs: n
price each son: $3.25
price of the mp3 player: $ 18.00
Cost: c(n), this means that the cost is a function of n.

c(n) = 18 + 3.25n

2) King Music sells a player for $23.00 and charges $2.00 per song. For how many songs will the cost be the same?

Using the same procedure used for Adventure Play case:

c(n) = 23 + 2n

3) Equal cost =>

18 + 3.25n = 23 + 2n

=> 3.25n - 2n = 23 - 18
=> 1.25n = 5
=> n = 5 / 1.25
=> n = 4

Answer: the cost will be the same for 4 songs.

Answer:

4 songs

Step-by-step explanation:

The line through (8, 0) with slope -3/4 in slope-intercept form

Answers

[tex]\bf \begin{array}{ccccccccc} &&x_1&&y_1\\ % (a,b) &&(~ 8 &,& 0~) \end{array} \\\\\\ % slope = m slope = m\implies -\cfrac{3}{4} \\\\\\ % point-slope intercept \stackrel{\textit{point-slope form}}{y- y_1= m(x- x_1)}\implies y-0=-\cfrac{3}{4}(x-8) \implies y=-\cfrac{3}{4}x+6[/tex]

BC is tangent to circle A at B and to circle D at C. AB= 10 BC= 21 DC= 8 find AD to the nearest tenth

Answers

The attached diagram is an interpretation of the question.
If there are other details, please post.

The distance AD is found by Pythagoras theorem, with 
AD=sqrt(BC^2+(AB-DC)^2)=sqrt(21^2+2^2)=sqrt(441+4)=sqrt(445)
=21.095 (to the third decimal place)

A 3500.00 $ principal earns 3% annual interest, Compounded semiannually after 20 years, what is the balance in the account

Answers

$4,713.99

Hope this helped!

How much water can be held by a cylindrical tank with a radius of 12 feet and a height of 30 feet?

Answers

Cylinder Volume   =   π • r² • height
Cylinder Volume   =   3.14159 * 12 * 12 * 30
Cylinder Volume   =   13,571.67 cubic feet

 



There are 20,000 owls in the wild. Every year the population decreases by 8%. How many owls will there be after 8 years?

Answers

After 8 years, there will be approximately 10,260 owls remaining in the wild. This calculation is based on an initial population of 20,000 owls decreasing by 8% annually, yielding a final population using the formula for exponential decay.

To find out how many owls will remain after 8 years, we can use the formula for exponential decay:

[tex]\[ \text{Final population} = \text{Initial population} \times (1 - \text{Rate of decrease})^{\text{Number of years}} \][/tex]

Given:

Initial population (P) = 20,000 owls

Rate of decrease (r) = 8% = 0.08

Number of years (t) = 8

Plugging in the values:

[tex]\[ \text{Final population} = 20,000 \times (1 - 0.08)^8 \][/tex]

[tex]\[ \text{Final population} = 20,000 \times (0.92)^8 \][/tex]

[tex]\[ \text{Final population} \approx 20,000 \times 0.513 \][/tex]

[tex]\[ \text{Final population} \approx 10,260 \][/tex]

So, after 8 years, there will be approximately 10,260 owls remaining in the wild.

The vertical height of a right circular conical tent is 4m and the volume of space inside it is 968/7 cubic metre. Find the canvas required to make the tent.

Answers

the equation for the volume of a conical tent is 
v = 1/3 * height * area of the base
   = 1/3 ×hπr²
where v - volume 
h - height of the conical tent 
r - radius of base circle 
area of the base = 3v/h
                 πr²     = 3 *968/7 m³ /4 m
                   r²     = 3 * 968 * 7 / (7 * 22* 4 )
                           = 33
                   r = 5.74 m 
area of the curved surface = πrl
where l is the slant height 
l² = r² + h² 
   = 5.74² + 4²
    = 33 + 16
    = 49 m
l = 7 m
then the area of the curved surface is ;
area = πrl
        = (22/7) * 5.74 * 7 
        = 126.28 m²
the canvas should have area 126.28 m² to cover the tent

A small tree was planted at a height of 10 feet. The tree has been planted for 14 months, and is now 49.2 feet tall. Which equation could be used to find x, the average number of feet the tree grew each month?

Answers

the equation is x=(49.2-10)/14
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