Homework Help: Math interest rate

Posted by Anonymous on Wednesday, November 14, 2007 at 2:21pm.

Please explian how to figure out the the initial interest rate of the ARM ?
Given th these facts thanks :)

Ben bought a home with an adjustable-rate mortgage. The margin on the loan is 2.7% and the rate cap is 7.2% The current index rate is 4.3%

Math interest rate - Anonymous, Tuesday, April 12, 2011 at 5:56pm
beck put $3000 in a saving account. At the end of 5 years, the account had earned $900 in interest . At what annual simple interest rate did the account grow.
Math interest rate - Anonymous, Sunday, February 10, 2013 at 8:34am
Calculate i,interest rate

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