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ladessa [460]
4 years ago
13

Unlike a traditional mortgage, an ARM _____.

Business
2 answers:
Yuliya22 [10]4 years ago
6 0

Answer:

has an interest rate that can change every year.

Explanation:

An adjustable-rate mortgage (ARM) usually starts with a lower interest rate than a regular mortgage, but that low interest rate can last for month, maybe a year or even a few years, but later it tends to fluctuate as the market interest rates change. Remember 2007, when the monthly payments of ARMs skyrocketed and foreclosures multiplied around the country?

The main advantage of fixed-rate mortgages (traditional mortgages) is that the interest rate is fixed and that helps families to plan their finances over the long run. You must remember that a mortgage loan takes a lot of years to be paid (between 20-30 years), and a lot of things happen during those years.

aksik [14]4 years ago
3 0
Unlike a traditional mortgage, an ARM <span>has an interest rate that can change every year. The correct option among all the options that are given in the question is the second option. The other options in the question can be negated. I hope that the answer has actually come to your help.</span>
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What is the significance of signing a promissory note?
s2008m [1.1K]

Answer:

The correct answer is letter "D": You are formally accepting a loan and agree to pay it back in accordance to the terms that are outlined for that loan.  

Explanation:

A Promissory Note is a written promise made by one party to pay a specified sum of money to another party, either on-demand or at a specified future date. It is commonly used as a means of short-term financing in businesses. For example, when a company has solved many products but not yet collected payments for them, it may become low on cash and unable to pay its own creditors with the case. In such a case, it may ask its creditors to accept a promissory note that can be exchanged for cash at a future time after it collects its account receivables.

5 0
4 years ago
Marsha is single, had gross income of $50,000, and incurred the following expenses:________. Charitable contribution $2,000 Taxe
zysi [14]

Marsha is single, had gross income of $50,000, and incurred the following expenses: Charitable contribution $2,000 Taxes and interest on home 7,000 Legal fees incurred in a tax dispute 1,000 Medical expenses 3,000 Penalty on early withdrawal of savings 250Her AGI is:

d. $49,750

Explanation:

  • Marsha is single, had gross income of $50,000, and incurred the following expenses: Charitable contribution $2,000 Taxes and interest on home 7,000 Legal fees incurred in a tax dispute 1,000 Medical expenses 3,000 Penalty on early withdrawal of savings 250Her AGI is:
  • d. $49,750
  • The Interest which is used to buy or carry tax exempt securities is not deductible.
  • Only  20% of the adjusted gross income limitation is applied to certain contributions made to private foundations.
  • Married couple must be,filing a separate return, and their spouse is itemizing.

5 0
3 years ago
What step is NOT likely to reduce possible attacks to an organization: Select one: a. Restart the Active Directory database b. I
natulia [17]

Answer:

The correct answer would be option A, Restart the active directory database.

Explanation:

When there is an attack on organizational data or information systems, there are many measures that need to be taken to avoid such attacks to make sure that these attacks don't happen again and to check that all systems are working correctly or not. So in this regard, option A is the most appropriate one, because restarting a database will not help in reducing the possible attacks to an organizational data or information systems. Anti virus spyware, installing firewall and ensuring the working of all patches for an operating system and application are more important tasks to do in such situation.

3 0
3 years ago
Read 2 more answers
In a truth table, the expression ____ is false.
djyliett [7]
In a truth table, the expression true and true is false. A truth table is a mathematical table thar is used in logic. It is specifically connected with Boolean algebra, boolean functions, and propositional calculu. That arrange the functional values of logical expressions on each of their functional arguments. The meaning is that for each combination of values taken by their logical variables. Particularly, it can be used to demonstrate whether a propositional expression is true for all legitimate input values, that is, logically valid.
4 0
3 years ago
Is the symbol that represents the cost of raising capital by issuing new stock in the weighted?
Slav-nsk [51]

In the Weighted Average Cost of Capital (WACC) equation, the symbol <u>"Ke" </u>represents the costs of raising capital by issuing new stock.

The full WACC formula is below:

WACC Formula = (E/V * Ke) + (D/V) * Kd * (1 – Tax rate)

3 0
3 years ago
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