MATH SOLVE

3 months ago

Q:
# Joseph has obtained a $169,000, 5/1 30-year ARM at 5%. During the first 3 years, he has an option of paying interest only. If he accepts this offer, what would be his initial payment? A. $756.92 B. $746.18 C. $579.17 D. $704.17

Accepted Solution

A:

The answer would be D.$704.17 (Hope this helps)