Alex took out a 7/1 variable-rate mortgage for $140,000. The interest rate for

the first period was fixed at 5.25%, and the loan was amortized over 30 years.

At the end of the initial loan period, the interest rate was 6.75%, plus a 1.5%

margin. What was Alex's monthly mortgage payment during the initial fixed-

rate period?


A. $809.54

B. $739.09

C. $805.34

D. $773.09

Answers

Answer 1

Answer:

D). $773.09

Explanation:

Alex's monthly payment of the mortgage in the course of the initial fixed-rate period would be $773.09.

Mortgage amount = $140,000

Initial period of the mortgage = 7 years

Total time period = 30 years

Interest rate = 5.25%

Monthly mortgage payment for Alex = P * r [tex](1 + r )^{n}[/tex]/[tex](1 + r) ^{n}[/tex] - 1

= $773.09


Related Questions

Read the passage.

In this year came dreadful forewarnings over the land of Northumbria, terrifying the people most woefully: these were immense sheets of lightning and whirlwinds, and fiery dragons were seen flying through the sky. . . . And not long after . . . the harrowing inroads of heathen men destroyed the church of God in Lindisfarne.

–The Anglo-Saxon Chronicle, 800 CE

What is the central idea of the passage?

Dragons attacked Northumbria.
Northumbria was attacked by wind.
Sheets of lightning terrified the Northumbrian people.
The people of Northumbria were terrified by the heathen men who are i

Answers

Answer:

Correct answer is Sheets of lightning terrified the Northumbrian people.

Explanation:

Sheets of lightning terrified the Northumbrian people is correct answer because obviously this refers to fear that people had from nature and didn't understand certain things. Storms and lightnings were so devastating that people even that this was a work of dragons.

Of course, all other options are wrong as they are not explaining the natural causes of this disaster.

Answer:

c

Explanation:

How would Henry Watson's narrative have been used by abolitionists?

Answers

Henry Watson narrative could have been used to make people feel sorry for the slaves and want to help them escape and to become free slaves

please any help is appreciated will give branliest

Answers

Number 2 is false so ya

Look at the thesaurus entry for malice.

malice \ ˈma-ləs \ hostility, ill will

Based on the entry, what is the best definition of malice in this sentence?

In many superhero films, the villain hides his malice while earning the hero's trust.



A. true origin or identity

B. superpowers and abilities

C.allegiance to an enemy

D.intent to cause harm

Answers

The answer is D. Ask siri lol

In many superhero movies, the villain conceals his evil objective while gaining the hero's trust. Option (D) is therefore correct.

What is meant by a superpowers?

A state in a dominant position that is known for its enormous capacity to exercise influence or project power on a worldwide scale is referred to as a superpower. This is accomplished by utilizing a variety of strategies, including diplomatic and soft power influence, economic, military, technological, political, and cultural might.

The great powers have historically been dominated by superpowers. While a great power state has the ability to have an impact on the world, superpowers are nations with such might that no significant decision can be made by the international community without first taking into account the positions of the superpowers on the topic.

The United States, the United Kingdom, and the Soviet Union were the first countries to receive the word in 1944, during World War II. The British Empire flourished in the Cold War.

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as southern colony.
5. What was Bacon's Rebellion, and why was it so significant for the Virginia colony?

Answers

It was occurring in Virginia due to the increasing pressure of land exploration, settlement, and cultivation.

Sam washed his favorite pairs of jeans and hung them outside to dry during a hot day explain what happened to the water that was in the jeans your answer must have more than one word and tell the process of what happened ..plz help it is science!!

Answers

Answer:

Evaporation

Explanation:

When sam hung them outside, it got evaporated by the sun's heat and it got in the forms of vapours which would later form precipitation going through the process of condensation.

hope it helps!

Answer:the pants were dry next day

Explanation: give me brainlest shiny

What action by the leaders of the French Revolution demonstrates that they were influenced by Enlightenment ideas?

Answers

Answer:

The revolutionaries of the French Revolution challenged the absolute authority of the monarchy and wrote documents that promoted the idea of equality.

Explanation:

Enlightenment ideas like liberty and equality were important in the uprisings that overthrew Louis XVI. These ideas were first evident in the writings of John Locke, Jean-Jacques Rousseau, and Montesquieu. The revolutionaries in France questioned the traditional authority of an absolute monarch. For example, one action that was definitive to the revolutionary spirit of the time was authoring the Declaration of the Rights of Man and of the Citizen. This document outlined a set of individual rights that should become the principles of government and the underlying legal structure of the new states. The National Assembly used the document to argue in favor of natural rights for all citizens. The French Revolution and the adoption of these ideals are considered a major turning point in world history towards non-authoritarian governments and democracy.

PLZ HELPPPPP. Can somebody help me do a Pre-writing, Rough draft and Final

Write an informative essay about the Louisiana Purchase. The essay should describe the events leading up to the purchase, describe key people and places, and include specific details and facts.

Answers

Answer:

The Louisiana Purchase was the deal when, under President Thomas Jefferson in 1803, the United States bought land from France for 15,000,000 dollars. With the purchase, America doubled its previous territory, consolidating its expansion towards the west of the continent and becoming the main power of the same in territorial terms. In addition, this purchase implied the loss of a direct competitor such as France in relation to territorial expansionism in the region.

The reasons for which France sold the territory were that, after the loss of Haiti and the resumption of the war against Great Britain, it was not profitable to keep Louisiana under its sovereignty, since it implied great economic losses. Therefore, Napoleon Bonaparte offered the United States to buy the land, partly to improve finances, but also to avoid an eventual British conquest of the territory.

In a 5-7 sentence paragraph explain the impact Corona has had on International trade.

Answers

Answer:

Trade compliance professionals should be connected to these changes within their organizations to help ensure that the new reality does not result in inadvertent compliance issues, violations, or penalties—as well as operational costs to unwind noncompliant activities—in the future. No organization wants to redesign their business activities and incur significant transaction costs and disruption only to find out later that their redesign is in violation of export control, customs, sanctions, or other trade laws. As the situation continues to develop, global trade compliance professionals should be monitoring these issues at their organizations to ensure that they, and their compliance programs, are part of the evolving conversation and that key stakeholders are making decisions with the benefit of input from trade compliance.

Explanation:

Answer:

Corona has had an impact on International trade by not allowing trade from different countries. For example, the US has limited trade with China so that the virus is not spread as easily. Since the virus was started in China the rest of the world is trying to take extra precaution.  This is why it has taken longer for some goods to arrive to the US that have been coming from China. That is just on impact that Corona has had on international trade.

Explanation:

All persons whatever shall have the free exercise of their
religion.
-Georgia Constitution of 1777,
Article LVI
This passage from the constitution relates to
O the freedom given to individuals.
o the structure of the government.
O the need for a fair legal system.
O the idea of representative government.

Answers

Answer:

a. the freedom given to individuals

Explanation:

Answer:

a

hi

hope it helps :)

Explanation:

PLEASE HELP!

How long is the term of a judge in your state? Is it for a fixed term or forlife?

Answers

Answer:

In states where judges do not enjoy life tenure, judicial terms range in length from four years to 15 years. Some states place limits on the number of years or terms that governors and legislators may serve, but no state currently imposes term limits on judges.

What is cognitive learning?

Answers

Answer:

Cognitive learning is a style of learning that encourages students to use their brains more effectively.

Explanation:

i hope it is the answer

Answer:

cognitive learning is defined as active, constructive and long lasting learning

how does human population affect coal?? ​

Answers

Answer:

Coal is a non-renewable resource. Because of the human population people have to dig out coal and other non-renewable sources to produce energy. The more energy people use and get the more coal and non-renewable sources they use and the non-renewable sources are decreasing day by day. Because of human population coal is decreasing throughout the world

Explanation:

HOPE THIS HELPS

PLZZ MARK BRAINLIEST

Which contribution did the Olmecs make to the present day Mexican landscape

Answers

Answer:

The colossal heads that they carved.

Explanation:

The Olmecs carved big heads in the south region of the  Gulf of Mexico. These heads are not identical. Each one has its unique features. Experts in the Olmecs society think that they might represent significant people for the Olmec civilization since they are all different and placed in  Olmec centers, which were places of high activity and importance for this society.

Write a paragraph about the impact of technology on the environment in the United States and Canada.​

Answers

Answer:

Is were use our technology differently. Some of us use it to its full avange✔‍.

Explanation:

Over the course of time technology has changed the World overall maybe for the better maybe for the worse but it has my daily life task quite easyAnd technology has made it very comfortable for humans to live

Free market, Command and Traditional are all types of... ?

Answers

Answer:

An economy is a system whereby goods are produced and exchanged. Without a viable economy, a state will collapse. There are three main types of economies: free market, command, and mixed.

Explanation:

Why did over 13,000 Union soldiers die in
the Andersonville Prison?

Answers

Answer:

During the 14 months it existed, more than 45,000 Union soldiers were confined here. Of these, almost 13,000 died from disease, poor sanitation, malnutrition, overcrowding, or exposure to the elements. The prison pen was surrounded by a stockade of hewed pine logs that varied in height from 15 to 17 feet.

Explanation:

i looked it up.

Answer:

Down below is Answer just copy and paste

Explanation:

13,000 died from disease, poor sanitation, malnutrition, overcrowding, or exposure to the elements.

How did farming change the lives of Early Man?

Answers

Farming meant that people did not need to travel to find food. Instead, they began to live in settled communities, and grew crops or raised animals on nearby land. They built stronger, more permanent homes and surrounded their settlements with walls to protect themselves.

You're welcome ✨Have a nice night

Help me plzz i need help with this!!

Answers

Answer:

A.

there are very few large urban areas

A. How did the merit system contribute to the good government in the song dynasty?


B. How did the physical features affect the development of China, Japan, and Korea in similar ways? What were the key differences

this has to be answered within an hour because i have a test to submit!

Answers

Answer:

A: The Song created a merit system that required its scholar-officials to score well on civil service exams, ensuring that they were educated. They also watched officials for corruption and took steps to move them from place to place on a regular basis to help prevent them from taking bribes.

Explanation:

The amount of calories Cheri burns varies directly with the number of minutes she rides the bicycle. She burns an average of 120 calories if she rides the bicycle 40 minutes. How many calories can she predict she will burn if she rides the bicycle 90 minutes?

Answers

Answer:

270 calories

Explanation:

each 10 minutes = 30 so 40=120 90=40 + 40 + 10 so its 40 + 40 + 40 + 40 + 30 , for the extra 10 minutes u add 30

4. CRITICAL THINKING How do you think
diversity in the Middle Colonies made life
different from life in New England?

Answers

Answer:

The Middle Colonies were more diverse than colonies in New England and the South. Most of the early settlers depended on the fur trade and on farming for economic survival. ...

Explanation:

The Middle Colonies were settled by different nationalities so there is greater emphasis on religious toleration and cultural diversity.

ritual is part of identity of a community and need to be preserved

Answers

Answer:

1. citizens were able to charge more for their goods and services

2. There are many ways to turn a profit with real estate: rental income. buying low. selling high. increasing equity. leverage increases returns leverage makes you profit on the full selling price renting smaller units. renting to businesses.

Explanation:

What wasn't the main reason the New England Colonies were founded?

Answers

Answer:

You can look up stuff like this on the free app called Socratic! It helped me a lot!

What's the background and roles for ENGO?

Answers

Answer:

These organizations operate both locally and internationally which makes them play an important role in dealing with different kinds of environmental issues that are happening in the contemporary world.

Explanation:

Which function of money is the above picture an example of?

Answers

Answer:

c- means of currency

Explanation:

Answer:

D) Medium of exchange

Explanation:

USATestPrep

Based on what you have read about Frida Kahlo, prepare a point you would make in a group discussion. Write two to three sentences to explain what you would say to the group about how her creativity helped her

Answers

Answer:

Frida Kahlo's creativity helped her to see her condition as something that would not stop her. Frida's imagination and talent led her to make beautiful paintings, which helped her throughout her life after the accident that affected her mobility.

Explanation:

Frida Kahlo was a Mexican painter that had a traffic accident when she was a teenager. The accident affected her mobility and was the reason why she started to paint. Frida Kahlo painted mostly self-portraits or paints related to Mexico and its native culture. She was the first Mexican to exhibit one of her works in the Louvre Museum due to her talent, technique, and creativity.

She and her paintings are an inspiration up to these days for a lot of artists and people.

what are 5 events that created tension between the Britain and the 13 colonies?

Answers

Answer:

British is my answer hshshs

The Revolutionary War (1775-83), also known as the American Revolution, arose as a result of tensions between the colonial colonies of North America and Britain, which represented the British crown.Stamp ActDownshend Actions Boston Massacre Boston Tea Party British invasion of coastal cities

Hope it helps!

how can the feeling of fraternity be realized?

what can be done to keep a friendly a friendly relation between or among the countries in the world ?​
please give answer

Answers

Answer: Have respect to maintain a friendly relationship between the countries of the world

Explanation: Respect is that line where the person must know when to act and when not to. When a country decides to invade another to obtain its own benefit, it is not having respect, it only thinks of its benefit and these are things that lead to a war being unleashed.

Respect can help other countries to be more considerate of each other, to think several times before invading a land that does not belong to them, and the opportunity for a better dialogue.

2. According to the Constitution, the requirement for a judicial branch is satisfied by:
A. the Supreme Court, the district courts, and the circuit courts
B. the circuit courts alone C. the district courts alone
D. the Supreme Court alone

Answers

Answer:

B

Explanation:

According to the Constitution, the requirement for a judicial branch is satisfied by the circuit courts alone. The correct option is b.

Many common law jurisdictions have circuit court systems. The fundamental idea behind circuit courts is that judges must visit several locations in order to guarantee that cases are widely visible and understood in an area. The phrase can also be used more broadly to describe a court that merely conducts trials and other processes at a number of different places in some sort of rotation.

The name "circuit court" comes from the English practise of itinerant courts, where judges would periodically travel on predetermined routes, or "circuits," to hear cases from various regions. Four assize circuits were legally defined by a statute that was passed in 1293.

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