math4finance
General
Algebra
Geometry
Coordinate-geometry
Statistics
Calculus
math4finance
math4finance
Home
General
Algebra
Geometry
Coordinate-geometry
Statistics
Calculus
MATH SOLVE
Home
General
Joseph has obtained a $169,000, 5/1 30-year ARM at 5%. During the first 3 years, he has an option of...
10 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)