Which statement is true of an adjustable rate mortgage? a) Payments will adjust each year based on the amount of equity you have in your home
b) The interest rate will stay fixed for a period of time, then adjust either up or down based on an index
c) The interest rate can only change twice during the course of the loan
d) An adjustable rate mortgage always includes a balloon payment at the end of the 7th year

Answers

Answer 1

Answer: The answer is B. Adjustable rate mortgage is a mortgage loan where the interest rate stays for for a certain period of time then it changes either up or down based on an index. It is also called variable-rate mortgage or tracker mortgage. This type of mortgage loan permits a debtor to have a lower initial payment if and only if they agree to assume the risk of the changes in the interest rate.

Answer 2

Answer:

Answer:

Explanation:

Related Questions

alcatuiti un eseu in care sa prezentati argumente in functie de care piata asigurarilor ar putea fi considerata o piata cu concurenta perfecta
_____ integrates advertising of branded products into interactive games.
Ricardo wants to buy a new tablet that costs $1,150. he will make a down payment of $250 and will make monthly payments of $50. write an equation in slope-intercept form that ricardo can use to determine how much he will own after n months.
After a job interview, you should _____.celebrate write a thank-you letter call the interviewer immediately to see if you got the job call your friend to tell them about the interview I think its B am I right?
Many companies develop online virtual _____that mirror the experience of working in the company’s physical environment.games chat rooms stores workspaces

Which of the following is not a disadvantage to cash advances on a credit card? a. Cash advances are similar to loans in that they need to be paid back with interest. b. Cash advances require a lot of paperwork and are generally difficult to get. c. Cash advances are often the last thing to be paid when paying off your credit card. d. Cash advances often come with an interest rate much higher than your credit card.

Answers

the correct answer is B. Cash advances require a lot of paperwork and are generally difficult to get.

just did the test, A. was wrong

The statement that is not a disadvantage to cash advances on a credit card is that (A) Cash advances are similar to loans in that they need to be paid back with interest. When you ask for a cash advance, it is a service provided by most credit card and charge card issuers. This will become a credit limit.

Selecting a career in an industry that is rapidly declining might mean facing _____ employment opportunities.better
fewer
advanced
technical

Answers

The correct answer should be fewer employment opportunities. If it's declining then that means that it doesn't need new people to develop it which means there's fewer opportunities.

Answer:

fewer you guys and girls got this

Explanation:

You want to compare the batting average of all the players on the league's baseball teams. Which type of chart would be best for this purpose? a.Pie b.Bar c.Line d.Column

Answers

Answer: B.) Bar

Explanation: When trying to compare batting average of all players on the leagues baseball team, the batting average of the players in each team is measured and the data grouped by team. When measuring changes, differences or comparison, the bar chart and line chart seems to be the best for such purposes. However, depending on whether the changes in measured data is large or small, the bar chart seems best suited in cases where large differences exists, while line graphs are better when small differences exist between measure data.

Answer:

B.) Bar

Explanation:

An organization founded by businesses in a specific industry for the purpose of collaborating within the industry and advocating for their workers is called a(n):

Answers

Such organizations are made to encourage trade and collaboration between companies and they are known as Trade Associations. They exist between companies in the same niche and their goal is to improve the technologies and conditions of people who work in that specific industry.

C. Trade Association. (APEX)

A buyer is concerned that new construction a mile away could have a negative environmental impact on the home they are considering purchasing. Can they make the Contract to Buy/Sell contingent on the result of an environmental impact report?

Answers

Answer:

Yes,they can make the contract to buy/sell contingent on the result of an environmental impact report

Explanation:

Being cautious of the welfare of the local community is an example of ethical consideration in business in some countries,while it is a legal and ethical consideration in some other countries, especially the advanced nations of the world.

Little wonders how the cleanup of the contamination caused by BP in 2010 cost the company about $65 billion in restoration and clean up,legal fees as well as settlements paid to affected parties.

Businesses must as point of duty have regard for environmental impact and footprints

Successful businesses are keenly focused on their?

Answers

Successful business people never take their eye off the one thing that made them successful in the first place: the primary function of any business is making money. You can't make money without customers or clients (unless you're in the business of robbing banks or bribing politicians).

Other Questions

1. What effect does a rise in the cost of machinery or raw materials have on the cost of a good? A rise in the cost of raw materials (but not machinery) raises the cost. The good becomes cheaper to produce. The good becomes more expensive to produce. It does not have any effect on the cost of the good. 2. What does new technology generally do to production? It lowers cost and decreases supply. It lowers cost and increases supply. It increases cost and decreases supply. It has very little effect on production. 3. Why does the United States regulate automobile manufacturing in so many ways? to protect the consumer from Japanese and European automobiles to keep the price of U.S. automobiles competitive with others to keep the manufacturers of U.S. automobiles from gaining too much of the market to offset the air pollution caused by automobiles 4. When any effort by government causes the supply of a good to rise, what happens to the supply curve for that good? It shifts to the left. It shifts to the right. It reverses direction. The supply curve is not affected. 5. How do future expectations about the price of a good affect the present supply? If the price is expected to increase, many producers will hold onto their supply. If the price is expected to decrease, many producers will hold onto their supply. If the price of a related good is expected to increase, only a few sellers will hold onto their supply until the increase occurs. If the price is expected to increase and then decrease, most sellers will hold onto their supply until the decrease has occurred. 6. If prices rise and income stays the same, what is the effect on demand? More is bought of some goods and less of others. Fewer goods are bought. More goods are bought. Demand stays the same. 7. How can the demand for one good be affected by increased demand for another one? When goods are bought together, increased demand for one will decrease demand for the other. If goods are used together, increased demand for one will increase demand for the other. If goods are substitutes for each other, increased demand for one will increase demand for the other. A drop in price for a good will increase demand for the good and its substitute. 8. How does the price range affect the elasticity of demand for a product? Demand for all goods is elastic if the price is low enough. Demand for a good can be elastic at a low price but inelastic at a high price. Demand for a good can be inelastic at a low price, but elastic at a high price. Price range has little or no effect on elasticity of demand for a good. 9. What is the principle of the law of supply? The lower the price, the larger the quantity produced. The higher the price, the larger the quantity produced. The higher the price, the smaller the quantity produced. The lower the price, the more manufacturers will produce the good. 10. How is the total cost of a factory or other production site determined? marginal cost plus fixed cost fixed cost plus variable cost marginal cost plus variable cost marginal cost plus output cost

Which of the following is an example of price discrimination? a. An online bookstore charges more for overnight shipping than standard shipping when customers buy books from it. b. Airline tickets are more expensive for first-class seats than for coach. c. Hotel rates for AAA members are lower than for nonmembers. d. All of the above are correct.

Are there any welfare or subsidy payments that should be reviewed or added?

Most financial advisors say you'll need about 70 percent of your pre-retirement earnings to comfortably maintain your pre-retirement standard of living. true or false