Aimee and Ben are purchasing a condominium and are financing $160,000. The mortgage is a 20 year 3/1 ARM with a cap structure of 1.5/10. What will their payments be for the first 3 years?

$1169.45

Step-by-step explanation:

Using the formula:

where;

Loan amount L = 160000

number of months (n) = 20 × 12 = 240

Lets assume that the interest rate per month c = 6.25% since it is not given.

i.e. (6.25/( 100*12) ) = 5.208 × 10⁻³

∴

P = $1169.45

solution:

we have to construct

∠m nt ≅ ∠p qr

the steps to draw this construction are

step 1: use a compass to draw an arc from point q which intersects the side pq at point a and the side qr at point b.

step 2: draw a segment nt and use the same width of the compass to draw an arc from point n which intersects the segment nt at a point x.

step 3:

step 4: join points n and y using a straightedge.

step 3:

option (d).maintaining the same width of the compass as ab, draw an arc from point x such that it intersects the arc drawn from n in a point y.

to draw   congruent angles , 1. width of compasses while drawing two angles should be same i.e from point at which angle has to be drawn, 2.the distance between the two points where the compass intersects the two sides should be same while drawing any two congruent angles.

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step-by-step explanation: