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bazaltina [42]
3 years ago
9

What is one difference between fixed rate mortgages and variable rate mortgages

Mathematics
1 answer:
AURORKA [14]3 years ago
4 0

The difference between a fixed rate and an adjustable rate mortgage is that, for fixed rates the interest rate is set when you take out the loan and will not change. With an adjustable rate mortgage, the interest rate may go up or down. Many ARMs will start at a lower interest rate than fixed rate mortgages.

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wilma buys a new game that is priced $43.89. she gets successive discounts of 15% followed by 5% off on the game. the purchase p
castortr0y [4]
If you would like to know the purchase price of Wilma's game, you can calculate this using the following steps:

15% of $43.89 = 15% * 43.89 = 15/100 * 43.89 = $6.5835 = $6.58

$43.89 - $6.58 = $37.31

5% of $37.31 = 5% * 37.31 = 5/100 * 37.31 = $1.8655 = $1.87

$37.31 - $1.87 = $35.44

The correct result would be <span>$35.44.</span>
5 0
3 years ago
Read 2 more answers
You purchased an $85,000 home, and the property taxes were $1530. If they make improvements and the house is now valued at $130,
drek231 [11]

Answer:

43470

Step-by-step explanation:

purchased of home =$85000

improvement of home =1530=

85000

+1530

=86530

the valued of home =130000=

130000

-86530=

43470

7 0
3 years ago
Angela’s savings account balance was 133.10 after 3 years. What would the balance be after 5 years if the interest rate remains
Novay_Z [31]

In this question , we have to use compound interest formula, which is

A= P(1+r)^t

Here Amount after 3 years = $133.10

Rate of interest = 10%=0.1

TIme =3 years

So we get

133.10= P(1+0.1)^3 \\ 133.10 = P(1.1)^3 \\ 133.10 = 1.331P \\ P = 100

Now we have principal, P = $100,

Rate of interest, r =0.1

Time, t = 5 years

So we will get

A = 100(1+0.1)^5 \\ A = 100(1.1)^5 \\ A = 161.051

So the balance after 5 years will be $161.05 .

7 0
3 years ago
Read 2 more answers
Which counterexample shows that the conjecture "All animals that can fly are birds" is false?
QveST [7]
It seems like you forgot to post the answer choices. However, bats are one animal where they can fly but they aren't birds. So this is one counter-example to prove the claim false. Another example would be any flying insects. 
3 0
4 years ago
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Which is a unit rate?
Angelina_Jolie [31]

The answer is

6 hours : 1 book

6 0
3 years ago
Read 2 more answers
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