All categories

3 years ago

What is true of an adjustable rate mortgage?

Mathematics

1 answer:

Varvara68 [4.7K]3 years ago

5 0

Answer: B. the interest rate may change depending on the condition of the economy.

Step-by-step explanation:

By definition, in a adjustable-rate mortgage (which can be identified as ARM), the interest rates can fluctuates, this means that it can change periodically.

Therefore, the interest rate is fixed for a period of time and then it varies based on the index it is tied to. This index is set by market situation.

Then, keeping this on mind, the correct answer is the option B, which is: The interest rate may change depending on the condition of the economy.

You might be interested in

If BC = 6.5, CD = 7.8, and AD = 12.2, find AB to the nearest tenth.

Sladkaya [172]

This can be solved using the angle bisector theorem. Note that line segment AD is the angle bisector of triangle DAB from angle DAB. Therefore, we know that the ratios $\frac{\text{AD}}{\text{CD}}$ and $\frac{\text{AB}}{\text{CB}}$ are equal. Solving, we get $\frac{\text{12.2}}{\text{7.8}}=\frac{\text{AB}}{\text{6.5}}$ . Cross multiplying, we get $79.3 = 7.8x$ , and solving this equation we get $x = 10.1666... \approx 10.2$ . 10.2 is your answer.

6 0

3 years ago

Can you help ASAP!!!! WILL MARK U BRAINLIEST!

Leto [7]

Answer: i will give u the points

Step-by-step explanation- -7, 11 and 11, 2

6 0

3 years ago

ll the members of a construction crew work at the same pace. Six of them working together are able to pour foundation in 22 hour

Cloud [144]

Answer:

44 hours

Step-by-step explanation:

Decreasing the people by a factor of 2 means we have 3 people

The job takes 6* 22 = 132 people hours

When we decrease the people, it will take more hours

132 people hours = 3 people * t hours

Divide each side by 3

132/3 = 3t/3

44 = t

It will take 44 hours

8 0

2 years ago

The perimeter of a rectangular painting is 304 centimeters. If the length of the painting is 85 centimeters, what is its width?

Brums [2.3K]

Answer:

3.58

Step-by-step explanation:

You have to divide 304 by 85

you will get 3.57647058824

You have to round it to the nearest hundedth which will leave you with 3.57

4 0

2 years ago

Solve for x 3x + 10 - 4 = 21

Ivan

Answer:

X = 5

Step-by-step explanation:

6 0

3 years ago