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Dennis_Churaev [7]
3 years ago
12

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.


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Step-by-step explanation:

when determining if a set of points is a function

determine if any of the x values or y values repeat. if they do then it is not a function because it will not pass the function like test. (which is where you can draw a line trough the function and it will hit more than once.

none if the x values repeat and none if the y values do either.

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