Ask question

Ask question

All categories

Dennis_Churaev [7]

3 years ago

12

What is true of an adjustable rate mortgage?

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

Hurry ill give brainiest if u help me

grin007 [14]

The y-intercept should be closer to ten.

3 0

3 years ago

Read 2 more answers

If Cindy works 18 hours a week at 5.15 an hour how much did she make for the whole year?

kipiarov [429]

Find how many weeks are in a year and times by 5.15

3 0

3 years ago

Read 2 more answers

The area of a circular place is 45 square inches. Estimate the radius to the nearest integer.

aksik [14]

A=pi(r)^2
45=pi(r)^2 divide by pi (3.14)
14.33=r^2 square root both sides
3.79=r round
r=4

5 0

3 years ago

PLS I NEED RELLAY NEED HELP RIGHT NOW

Margaret [11]

Answer:

40%

Step-by-step explanation:

$\frac{8}{20} = \frac{2}{5}$

$\frac{2}{5} = 0.40$

0.40 = 40%

5 0

3 years ago

Which system of equations is represented by the matrix below

malfutka [58]

Answer:

Option A.

Step-by-step explanation:

The given matrix is

$\left[\left.\begin{matrix}4 & 5\\ 7 & -4\end{matrix}\right|\begin{matrix}-16\\ 23\end{matrix}\right]$

We need to find the system of equations which is represented by the matrix.

In the given matrix first row represents the first equation and second row represents the second equation of the system of equations.

Let two variables are x and y.

First column represents the coefficients of x and second column represents the coefficients of y.

Numbers on the right side of the matrix represents the numbers which are right side of the equations.

Now, the required equations are

$4x+5y=-16$

$7x-4y=23$

Therefore, the correct option is A.

4 0

3 years ago