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.
Put the rectangle under the triangle to make a pentagon.
Um Plan B would be two dollars cheaper than plan A ..
I set the equations up like this :
5+2.50x=
24+1.50x=
Only because thats how many movies she plans on watching.
5+2.50(21)=57.50
24+1.50(21)=55.50
Answer:
possible values of 4th term is 80 & - 80
Step-by-step explanation:
The general term of a geometric series is given by
Where a(n) is the nth term, r is the common ratio (a term divided by the term before it) and n is the number of term
- Given, 5th term is 40, we can write:
- Given, 7th term is 10, we can write:
We can solve for a in the first equation as:
<em>Now we can plug this into a of the 2nd equation:</em>
<em>
</em>
<em />
<em>Let's solve for a:</em>
<em>
</em>
<em />
Now, using the general formula of a term, we know that 4th term is:
4th term = ar^3
<u>Plugging in a = 640 and r = 1/2 and -1/2 respectively, we get 2 possible values of 4th term as:</u>
possible values of 4th term is 80 & - 80
