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
Tomtit [17]
3 years ago
12

A borrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. The first two years of the loan

have a "teaser" rate of 4%, after that, the rate can reset with a 2% annual rate cap. On the reset date, the composite rate is 5%. What would the Year 3 monthly payment be? Group of answer choices
Business
1 answer:
Lana71 [14]3 years ago
8 0

Answer:

$1,067 is the correct answer.

Explanation:

You might be interested in
Because advertising is often designed to add ________ value to a product or brand, it plays a more important communications role
wlad13 [49]

Answer:

The correct answer is Psychological.

Explanation:

Advertising is not only limited to advertisements in magazines, newspapers, radio, television or the Internet. In fact, it is practically in everything around us. The way to place the products in the department stores, the color and size of the potato chip packages, the price of the clothes, the subtlety of the words on the radio ... Everything that makes a product attractive and steals our attention serves as a powerful means to advertise it.

Therefore, all of us, when we buy or consume, seek to distinguish ourselves from others. In addition, this desire to stand out, to be different and unique, is what advertising psychology acts on. And when these individual differences are established, other concepts such as motivation arise in parallel.

8 0
3 years ago
Jessica decides to order smaller amounts of inventory at a time for her arts and crafts store. she is obviously concerned about
Aleks04 [339]
Do you want to do it in my butt 
yes 
no
yes
no yes

8 0
3 years ago
If the exchange rate for buying Japanese Yen is 12 Yens per Dollar, how many
GuDViN [60]

Answer:

2,400 Yens

Explanation:

exchange rate for buying Japanese Yen is 12 Yens per Dollar

1 dollar : 12 Yens

how many Yens do you need to buy 200 Dollars for?

Let

x = number of Yens needed

200 dollars : x Yens

Equate the ratios to find x

1 dollar : 12 Yens = 200 dollars : x Yens

1/12 = 200/x

Cross product

1 * x = 12 * 200

x = 2,400

x = number of Yens needed = 2,400 Yens

7 0
2 years ago
Suppose the market for corn is a purely competitive, constant-cost industry that is in long-run equilibrium. now assume that an
sergij07 [2.7K]
After all resulting adjustments have been completed, the new equilibrium price will less than the initial price and output. The same will happen to the industry output. In each situation in which <span>an increase in product demand occurs in a decreasing-cost industry the result is: </span>the new long-run equilibrium price is lower than the original long-run equilibrium price.
5 0
2 years ago
The final task in designing a management information system (mis) is _____.
Gnoma [55]

The final task in designing a management information system (mis) is to provide information which is useful in decision making purposes. Management information system is computerized data base related to financial system. A management information system (mis) is a widely used for a three-resource system that is required for effective organization management.

6 0
3 years ago
Other questions:
  • When defining its market segments, the xyz company identifies groups based on characteristics such as age, gender, income, and e
    9·1 answer
  • The value of what is produced per worker, or per hour worked, is called ____________
    9·1 answer
  • Waterway Industries can produce 100 units of a component part with the following costs: Direct Materials $15800 Direct Labor 690
    10·1 answer
  • A central lesson of the Solow model is:______.a. capital accumulation cannot serve as the engine of long-run per capita economic
    9·1 answer
  • Describe a pleasure trip and a business trip, then compare and contrast the two.
    10·1 answer
  • A roulette wheel in a casino has 38 slots. If you bet a dollar on a particular​ number, you'll win ​$30 if the ball ends up in t
    13·1 answer
  • Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of
    12·1 answer
  • I want to study accounting at levels 2 and 3. What can you offer me in my choice of subjects? Would this come under 'Business'?
    8·1 answer
  • A one-month European call option on Bitcoin is with the strike price of $8,505, $8,705, and $8,905 are trading at $600, $500, an
    15·1 answer
  • A bank customer borrows X at an annual effective rate of 12.5% and makes level payments at the end of each year for n years.(whi
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!