Answer: The answer is : d. I and III
Explanation:
I- The interest rate on a mortgage has a direct impact on the size of a mortgage payment: Higher interest rates mean higher mortgage payments.
While both loan types have similar interest rate profiles, the 20-year loan typically offers a lower rate to the 30-year loan. The spreads change over time, but the 20-year is typically about a quarter a percent lower than the 30-year.
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:
b. Are elected or appointed for different lengths of time.
Explanation:
When compared to members of a parliamentary system who are elected at the same time and for the same term, American politicians, judges and government officers are elected or appointed for different lengths of time.
American politicians are elected for four years and can seek another term in office which will run into a total of eight years. Judges are politically appointed by the President and serve for life unless they retire, die or removed from office.
He is part of the legislated and executive branch & is the second highest in state
Answer:
False
Explanation: just took test
