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yarga [219]
1 year ago
14

Which of the following statements is true? a. A 30 year fixed mortgage will always result in the lowest payment. B. You must hav

e at least a 20% down payment to get a competitive interest rate. C. The lower your interest rate is, the lower your monthly payments are. D. The faster you pay off your mortgage, the lower your monthly payments are. Please select the best answer from the choices provided A B C D.
Mathematics
2 answers:
katrin [286]1 year ago
6 0

Interest rate is the rate at which the amount of the borrowed money is charged. Among the given option the best option is option C, witch is the lower your interest rate is, the lower your monthly payments are.

<h3>Interest rate</h3>

Interest rate is the rate at which the amount of the borrowed money is charged.

Given information

The given option in the problem are,

  • A) A 30 year fixed mortgage will always result in the lowest payment- It is not compulsory for all the cases that the 30 year fixed mortgage will always result in the lowest. Thus this is not the best option.
  • B) You must have at least a 20% down payment to get a competitive interest rate- To land more down payment get you lower interest rate and not only with 20 percent. Thus this is not best option.
  • C) The lower your interest rate is, the lower your monthly payments are- Lower interest rate means lower repayment of the loan. Lower repayment means low monthly installments. Thus the lower your interest rate is, the lower your monthly payments are. This option is the best option among all.
  • D) The faster you pay off your mortgage, the lower your monthly payments are- Faster paying means the number of month will be reduced but not the monthly payment. Thus this is not the best option.

Hence among the given option the best option is option C, witch is the lower your interest rate is, the lower your monthly payments are.

Learn more about the intrest rate here;

brainly.com/question/14088136

iVinArrow [24]1 year ago
6 0

Answer:

c. The lower your interest rate is, the lower your monthly payments are.

Step-by-step explanation:

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0.05 * 10 =0.5

If you want an equivalent expression as division simply divide both sides by either 0.05 or 10 and it'll be dividing:

10 = 0.5/0.05 OR 0.05 = 0.5/10

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3 years ago
Garth has a summer job and earns $9.32 per hour. One week, he works 16 34 3 4 hours. He deposits $150 in a bank and decides to u
trasher [3.6K]

Answer:

762 raffle tickets

Step-by-step explanation:

16×9.32= 149.12

34×9.32= 316.88

3×9.32= 27.96

4×9.32= 37.28

add them all up= 531.24

531.24-150=381.24

381.24÷.50=762.48

answer: 762 raffle tickets

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2 years ago
For each bag belong, describe the likelihood of picking a black marble
liq [111]
In the first bag, picking a black marble would be impossible.

The second bag would be likely.

The third bag would be unlikely.

hope this helps!
3 0
3 years ago
Determine if there is a proportional relationship between the two quantities
Shalnov [3]

Answer:

The table a not represent a proportional relationship between the two quantities

The table b represent a proportional relationship between the two quantities

Step-by-step explanation:

we know that

A relationship between two variables, x, and y, represent a proportional variation if it can be expressed in the form k=\frac{y}{x} or y=kx

<u><em>Verify each table</em></u>

<em>Table a</em>

Let

A ----> the independent variable or input value

B ----> the dependent variable or output value

the value of k will be

k=\frac{B}{A}

For A=35, B=92 ---> k=\frac{92}{35}=2.63

For A=23, B=80 ---> k=\frac{80}{23}=3.48

the values of k are different

therefore

There is no proportional relationship between the two quantities

<em>Table b</em>

Let

C ----> the independent variable or input value

D ----> the dependent variable or output value

the value of k will be

k=\frac{D}{C}

For C=20, D=8 ---> k=\frac{8}{20}=0.40

For C=12.5, D=5 ---> k=\frac{5}{12.5}=0.40

the values of k are equal

therefore

There is a proportional relationship between the two quantities

The linear equation is equal to

D=0.40C

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3 years ago
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konstantin123 [22]
The answer is 7
hope this helps!
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3 years ago
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