Which of the following statements is true? a. A 30 year fixed mortgage will always result in the lowest payment. b. You must hav
2 answers:
is correct that is lower your interest rate is, the lower your monthly payments.
Further explanation:
A 30 year fixed mortgage will always result in the lowest payment is not correct as the payment depends on the interest rate and the amount of loan if the interest rate is higher than the Therefore, Option a is not correct.
You must have at least a 20% down payment to get a competitive interest rate is not correct as the down payment effect only the payment.
Therefore, Option b is not correct.
The lower your interest rate is, the lower your monthly payment is correct as the interest rate is lower we have to pay less interest and lower monthly payment.
Therefore, Option c is correct.
The faster you pay off your mortgage, the lower your monthly payments are is not correct as we pay faster the monthly payment must be high to pay the whole mortgage.
Therefore, Option d is not correct.
The correct that lower your interest rate is, the lower your monthly payment.
Learn more:
1. Learn more about arithmetic sequence brainly.com/question/12989953
2. Learn more about linear equations brainly.com/question/11749462
3. Learn more about lines brainly.com/question/8554769
Answer details:
Grade: High school
Subject: Mathematics
Chapter: Mortgage
Keywords: mortgage, monthly payment, interest rate, lower interest rate, high interest rate, faster pay off, lowest payment, down payment, installment, competitive interest rate, loan.
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Answer:
Step-by-step explanation:
Whenever we are doing unit conversions, we have to remember to make the first ratio and then each successive ratio should be put <em>in such a way</em> that the top and bottom cancels out with each unit and whatever we want, remains.
A simple example would be if we were to just convert from cm to mm. Suppose we want to convert 5 centimeters to millimeters. We can write the ratios is 2 ways:
First:
Second:
The first one is correct since we want mm, mm should be on top and cm should be on bottom form cm and cm to get canceled.
Now, for our problem, we want mm on top and day on bottom. So, cm and year should cancel. Looking at the first choice, the conversion factors are correct & skimming through, we see that
cm and cm cancels (top and bottom), also year and year cancels (top and bottom), it will leave us with mm on top and days on bottom, <em>which is what we want</em>.
First answer choice is right.
Answer:
129.996 cubic feet
Step-by-step explanation:
Assuming that the barrel is a perfect cylinder, we can use the formula to find the volume:
First, we have to find the radius, which is:
D = 2r
So the radius is 3 feet, since it is half of the diameter. Then, we plug in the values.
Now, we solve. Exponents are first...
3.14(9)(4.6)
Now multiply left to right.
28.26(4.6)
129.996 cubic feet
Therefore, the barrel can hold 129.996 cubic feet of oil. Hope this helps you!