Advanced Placement (AP)

Advanced Placement (AP)

21 June, 05:57

Gretta needs a $300,000 mortgage and is offered two choices. The monthly payments for the fixed rate and predicted payments for the ARM are shown.

Adjustable Rate Mortgage

Year Monthly

Payment

1-15 $1,610.46

Adjustable Rate Mortgage

Year Monthly

Payment

1-5 $1,520.06

6-15 $1,728.54

What is the difference between the total costs of the mortgages rounded to the nearest hundred?

$8,700

$1,700

$15,800

$5,000

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Gretta needs a $300,000 mortgage and is offered two choices. The monthly payments for the fixed rate and predicted payments for the ARM are ...” in 📗 Advanced Placement (AP) if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

If a wire has insulation that allows it to operate in a temperature of up to 194 degrees Fahrenheit, what temperature will the wire operate up to in degrees Celsius? a. 108 degrees Celsius b. 351 degrees Celsius c. 90 degrees Celsius d.

Improve the following sentences by replacing one or more verbs in each with a more effective verb

Sarah was instructed to forward an email to 20 people to win a free vacation. she sent the 20 copies but didn't get the vacation. which email misuse did sarah fall victim to?

What are two considerations of the federal system that will allow for the protection of rights

After learning about the correctional system in the United States, do you think it is effective? If so, what makes it work? If not, what changes need to be made to enhance its effectiveness?

New Questions in Advanced Placement (AP)

What can be solved by the internet of things?

The criteria that a given college uses for admissions are generally called a) college entrance requirements b) higher education requirements c) guaranteed transfer credits d) general education requirements

Amber is writing to an accountant that she would like to interview to gain information about the career field. What information should she include in her letter?

How do you survive high school

Can we know if we have a soul? What about other people or animals?