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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:

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A tire without good traction has less _____.
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A tire without good traction has less grip on the road.

Explanation:

during inclement weather, especially snow and ice, even if properly inflated, the tire will spin but not move forward & driver will not have control over the vehicle, causing the vehicle to slip sideways into (other traffic, over the side of the road, possibly falling over a steep decent).

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Do you think percentage gains
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I think more varied if you added additional mutual funds you would have a more diverse portfolio.
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True or False: This indicates that there is excess capacity in the market for bats. True False Monopolistic competition may also
KonstantinChe [14]

Answer:

False

False

Explanation:

Monopolistic competition is a type of imperfect market where there are many seller competing with each other but with differentiated products. Monopolistic competition is socially inefficient. The product variety externality implies that there is too little entry of new firms in the market.

3 0
2 years ago
Total surplus with a tax is equal to a. consumer surplus minus producer surplus. b. consumer surplus plus producer surplus plus
anygoal [31]

Answer:

Option (b) is correct.

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The total surplus is defined as the sum total of producer surplus and consumers surplus. Total surplus with a tax is defined as the combined total of producers and consumers surplus and tax revenue that is earned by the government of a particular nation.

Consumers surplus = Willingness to pay for the product - Actual amount paid for the product

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6 0
3 years ago
Mary invested cash in her new business. which effect will this have?
Licemer1 [7]
Either A or C would be right, because it couldn't be a decrease of the equity.
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