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.
Answer:
<em>5.64 centimeters more rain fell in Dubaku's town than in Elliot's town.</em>
Step-by-step explanation:
Amount of rainfall in Dubaku's hometown is 8 centimeters, amount of rainfall in Elliot's hometown is 2.36 centimeters and the amount of rainfall in Alperen's hometown is 15.19 centimeters.
So, <u>the difference of amount of rainfall for Dubaku's town and Elliot's town</u> will be: centimeters.
That means, 5.64 centimeters more rain fell in Dubaku's town than in Elliot's town.