1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nydimaria [60]
3 years ago
10

For what type of equity loan are you lent a lump sum, which is to be paid within a certain period of time? A. A line of credit B

. Equity C. A second mortgage D. An amortization
Mathematics
2 answers:
Natalka [10]3 years ago
7 0

Answer: The answer is (D)  An amortisation.


Step-by-step explanation:  We need to check out of the given four options that for what type of equity loan are we lent a lump sum, which is to be paid within a certain period of time.

(A). A line of credit is a type of revolving account that let borrowers draw the money, repay and redraw from available funds. Therefore, this option is not correct.

(B) An Equity is the amount of our home that we actually own. If we borrow money to buy our home, we can calculate equity by subtracting your loan balance from the value of your home. Therefore, this option is also incorrect.

(C) A second charge mortgage allows us to use any equity we have in our home as security against another loan. It means we will have two mortgages on one home. Therefore, this option will also not work.

(D) An Amortisation is the paying off debt with a fixed repayment schedule in regular instalments over time like with a mortgage. We need to repay it in a fixed certain period of time. Therefore, this option is correct.

Thus, (D) is the correct option.

Vilka [71]3 years ago
6 0

Answer:

The correct answer according to the apex quiz is C. A second mortgage.

You might be interested in
Please awnser this asap​
Illusion [34]

Answer:

Base area = 25.2 in^2

Step-by-step explanation:

Base area = 63/2.5 = 25.2 in^2

8 0
3 years ago
So, I need to find the Mean Median Mode and Range with this frequency table, and I have no idea how to do that. Can somebody ple
olya-2409 [2.1K]
Mean: average of the numbers. Add them up, divide by how many numbers/entries there are.
-2 + -1 + 0 + 0 + 0 + 0 + 2 + 4 = 3
3 divided by 8 = 0.375
Your mean is 0.375


Median: write the data in numerical order, find the middle number.

-2, -1, 0, 0, 0, 0, 2, 4
In this data set, there are an even number of entries, so we average the middle two numbers. Thankfully, here, the middle two are the same, so your median is 0.

Mode: the number that appears the most often in the data set

Your mode is also 0, because there are more zeroes than any other number in the data set.

Range: the distance on a number line between the highest and lowest number.

The distance between -2 and 4 is 6.4 - (-2) = 6

Please LMK if you have questions
8 0
3 years ago
Sean has 1/5 of a cupcake and 1/5 of a large cake. Does the sum 1/5 + 1/5 make sense in this situation
svetlana [45]

Answer:

The size of the cupcake and the size of the cake differ, so when your saying 1/5 of the cupcake, 1/5 of a cupcake is not the same as 1/5 of the cake . Idk if this will help, but I gave you a suggestion!

Step-by-step explanation:

3 0
2 years ago
Read 2 more answers
The endpoints of a segment are W(0,−9)and S(10,11). What are the coordinates of the midpoint?
Elodia [21]

Answer:

C

Step-by-step explanation:

8 0
2 years ago
Please show all work
Mekhanik [1.2K]

Answer:

4.8 minutes

Step-by-step explanation:

2.5/2.5=1

so

12/2.5=4.8

6 0
3 years ago
Read 2 more answers
Other questions:
  • Find the three arithmetic means in this sequence. 14, __, __, __, 26
    11·2 answers
  • What is the length of AB? Please help so I can graduate thanks!!
    9·1 answer
  • I need help guys! So i can pass the 8th grade to go to 9th! I have to turn this in in a hour please help me!
    8·2 answers
  • Help me with this math problem please, only this part because I can't seem to solve the last one, I'd like an explanation but it
    7·1 answer
  • 1. solve for x: 2(x+2) + 3(x-1) = 3x + 7 +
    7·1 answer
  • Answer The Expression. 55−63+20 1/4 ÷ 43 1/4
    15·1 answer
  • 2.
    10·1 answer
  • An automotive service center would ke feedback on its customer service.
    12·1 answer
  • Describe the translation of figure ABCD. Use the drop-down menus to explain your answer.
    14·1 answer
  • Sin²A-cos²A=2sin²A-1​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!