Business, 03.12.2020 20:40 baileyportillo

You have taken out a $350,000, 3/1 ARM. The initial rate of 6.0% (annual) is locked in for three years. Calculate the outstanding balance on the loan after three years. The interest rate after the initial lock period is 6.5%. (Note: the term on this 3/1 ARM is 30 years.) A) $336,294.25
B) $2,098.43
C) $347,901.57
D) $2,183.95

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 15:00, 12290737

The boston hotel high-end linens 600-thread-count sheets coffeemaker and selected teas imported beer fresh-squeezed juices affordability food and drink double-thick bath towels silk pillowcases raw silk curtains with gold embellishments $100/night four-star rooms free snacks, shampoo, and conditioner free wireless internet

Answers: 3

continue

Business, 21.06.2019 23:30, Mikec123

Select the correct answer. joshua runs a large manufacturing business that is listed on the stock exchange. his company made good profits in the previous financial year. he now plans to reward his shareholders with handsome dividends. under which category of activities in the cash flow statement would the company’s accountants place this outflow of cash? a. investing activities b. operating activities c. financing activities d. non-operating activities

Answers: 3

continue

Business, 22.06.2019 03:30, Emptypockets451

Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics

Answers: 2

continue

Business, 22.06.2019 11:30, wrivera32802

Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b incorrect which following answer correct?

Answers: 1

continue

You know the right answer?

You have taken out a $350,000, 3/1 ARM. The initial rate of 6.0% (annual) is locked in for three yea...