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
The measure of angle A is 4 degrees greater than the measure of angle B. The two angles are complementary. Find the measure for
Elenna [48]
Sorry but i only know the answer for the 1st question.
--------------------------
If the angles are complementary they measure 90°.
1st find half of 90
which is 45.
Find 4 more than 45.
which is 49°
then subtract 90-49=41
so the measurement of the 2 angles are
49 and 41
Hope it helps!!
7 0
3 years ago
Solve 4(2x-3)=6x+2<br> I don't understand the steps pls
Marysya12 [62]

Answer: x = 7

Step-by-step explanation:

4(2x-3) = 6x+2   <--distribute the 4

8x - 12 = 6x + 2   <---add 12 to both sides

8x = 6x + 14    <--- subrtract 6x from both sides

2x = 14    <--- divide by two

x = 7

6 0
3 years ago
What is the answer I need to know
kolezko [41]
K = -18 to check, -4 + k/3 = -10 is the equation. -18/3 = -6, and -4 + -6 = -10. Mark as branliest if you can. :)
3 0
3 years ago
I know life can get hard but don't give up no matter what happens, because you never get anything out of quitting, but you get t
ss7ja [257]

Answer: Nice words my guy

Step-by-step explanation:

8 0
3 years ago
Read 2 more answers
30m = 6000 Find m
Ilia_Sergeevich [38]

Answer:

m = 200

Step-by-step explanation:

30 m = 6000 Divide both sides by 30

30 m / 30 = 6000 / 30

m = 200

7 0
3 years ago
Other questions:
  • Ramona has a total of $5000 to invest. She puts part of it in an account paying 5% per year interest and the rest in a GIC payin
    11·1 answer
  • In the past few years, outsourcing overseas has become more frequently used than ever before by U.S. companies. However, outsour
    12·1 answer
  • The output value of a function is also known as the (dependent, independent) variable.
    14·1 answer
  • You have a 10kg bag of sand. the mass of a grain of sand is about 10 to the -3 power gram. about how many grains of sand are in
    9·1 answer
  • Michelle draws a card from a standard deck of 52 cards. She replaces the card and draws a second card. What is the probability t
    15·2 answers
  • I don’t understand ..
    7·2 answers
  • What does a polygon look like? A polygon has 6 sides
    7·1 answer
  • Several years ago, Matt built a rectangular flower bed at his house. The width of the flower bed was 14 inches less than the len
    14·2 answers
  • D) y= x - 3/2 <br><br><br><br> HELP ME PLS
    9·2 answers
  • Help me solve this equation about completing tables and comparisons.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!