The following statements describe accurately the terms of this mortgage:
-"The monthly interest rate is 4 percent". This means that each month, the owner will have to pay the normal fee plus 4% of it.
-"Monthly payments must be for 30 years". This means that the owner will have to make a payment every month for 30 years in order to pay their debt.
-"The homeowner is borrowing $200.000". This is the amount of money the homeowner is borrowing from the bank or company, which they will pay by making monthly payments for 30 years.
The other three statements do not describe the terms of the mortgage as they misunderstand the details.
-Payments must be made for 30 years, with 12 months each year, it makes it 360 payments in total. Not monthly payments for 360 years and the homeowner is not borrowing $360.000 either.
-The annual interest rate is not 4.8% . The correct way to find this value is by taking into account days and months, which would make it be around 60%.
Answer:
The supporters of the proposed Constitution called themselves "Federalists." Their adopted name implied a commitment to a loose, decentralized system of government. ... In many respects "federalism" — which implies a strong central government — was the opposite of the proposed plan that they supported.
Explanation:
Answer:
Explanation:
A change in interest rates is one way to make that correspondence happen. A fall in interest rates increases the amount of money people wish to hold, while a rise in interest rates decreases that amount. A change in prices is another way to make the money supply equal the amount demanded.
Answer:
third option
Explanation:
Crust - 5 to 70 km thick. Mantle - 2,900 km thick. Outer Core - 2,200 km thick. Inner Core - 1,230 to 1,530 km thick.
