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iren2701 [21]
3 years ago
14

Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities.

Mortgages are the reverse of annuities, because you get a lump-sum amount as a loan in the beginning and then you make monthly payments to the lender.
You've decided to buy a house that is valued at $1 million. You have $500,000 to use as a down payment on the house, and want to take out a mortgage for the remainder of the purchase price. Your bank has approved your $500,000 mortgage, and is offering a standard 30-year mortgage at a 12% fixed nominal interest rate called the loan's annual percentage rate or APR). Under this loan proposal, your mortgage payment will be _____ per month.

a) $6,428.83
b) $5,143.06
c) $7,971.74
d) $6,943.13
Business
1 answer:
Marianna [84]3 years ago
4 0

Answer: b

Explanation:

500 000*12% = 60 000\12

5000

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List two questions belonging to the field of morality
Liono4ka [1.6K]

Answer:

here are some.questions.below

Explanation:

What does it mean to be morally right or morally wrong?

To what extent do we learn these ideas of right wrong from our environment? ...

Are there actions you believe are always morally wrong?

3 0
3 years ago
When p = $5, the quantity demanded of a good is 30 units, and the quantity supplied of the good is 50 units. For every $1 decrea
Neporo4naja [7]

Answer: Equilibrium price is $3 and equilibrium quantity is 40 units.

Explanation:

Demand equation is given by,

Qd= a-bP When P=$5, Qd=30 30 = a – 5b Change in Quantity demanded =  Change in a – (b Change in P) 5 = 0 – b(-1) b=5 So, a = 55

Therefore the demand equation is given by, Qd= 55 – 5P

Supply equation is given by

Qs= c + dP When P=$5, Qs = 50 50 = c + 5d Change in Quantity supplied = Change in c + d(Change in P) -5 = 0 + d(-1) d=5 So, c=25

Therefore, the supply equation is given by,  

Qs= 25 + 5P

Equilibrium is given by

Qd=Qs 55 – 5P= 25 + 5P 30=10P P=$3 And  Equilibrium quantity is, Q= 55 – 5(3) = 55 – 15 = 40 units.

8 0
3 years ago
Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive
Agata [3.3K]

Answer:

True

Explanation:

This is a negative effect of energy subsidizes. Usually governments decide to subsidize energy consumption as a way of helping low income consumers and businesses. But at the end that doesn't happen and the results are quite the opposite. Most of the subsidies are taken by higher income families, e.g. big luxury homes use a lot of electricity. Subsidies end up reinforcing inequalities and the lower income families usually pay a higher percentage of the cost of having them.

8 0
3 years ago
Prehistoric sites were occupied during the time after writing was invented.
Alexxx [7]
False!
Prehistoric sites are sites that existed and were inhabited before written language was invented. Anything farther back than the Minoans is considered prehistoric :)
5 0
4 years ago
What is the difference between a mortgage and a ​mortgage-backed security​? A. Mortgages are​ loans, whereas​ mortgage-backed se
ANEK [815]

Answer:

The correct answer is A. Mortgages are​ loans, whereas​ mortgage-backed securities are​ bond-like debt instruments.

Explanation:

The mortgage loan is the product that allows you to have the necessary amount to buy or rehabilitate a home or other property.

As we said, credit institutions require a guarantee before granting a loan. In the case of mortgages, the owner of the loan guarantees the property itself (mortgage), which will be passed to the financial institution in case of default. In addition to this mortgage guarantee you offer, as in a personal loan, your personal guarantee.

6 0
3 years ago
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