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Zanzabum
2 years ago
10

What is a lifetime cap ?

Mathematics
2 answers:
Mashcka [7]2 years ago
6 0

A lifetime cap is the maximum upper limit interest rate allowable on an adjustable-rate mortgage.



Sphinxa [80]2 years ago
5 0
<h2>Answer:</h2>

Lifetime gap is the maximum amount of money that should be given on a mortgage loan.

<h2>Step-by-step explanation:</h2>

A lifetime cap, or life cap, tells a borrower the maximum interest rate they could pay during the life of the loan. This cap usually applies to the life of the mortgage. A mortgage is a security interest in real property held by a lender as a security for a debt, usually a loan of money. So the maximum amount that a borrower must repay to the lender in case of a mortgage is called the lifetime gap.

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Write a linear function for the data in each table using function notation.
ASHA 777 [7]

Answer:

  • A. f(x) = 6.5x
  • B. f(x) = 3x - 2

Step-by-step explanation:

<h3>Table A</h3>

This is proportional relationship

<u>The function is:</u>

  • f(x) = 6.5x
<h3>Table B</h3>

<u>The slope is:</u>

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<u>The y-intercept is:</u>

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<u>The function is:</u>

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5 0
3 years ago
Read 2 more answers
Q‒1. [5×4 marks] a) How many three-digit numbers can be formed from the digits 0, 1, 2, 3, 4, 5, and 6? (150) b) How many three-
amid [387]

Answer:

a) 294

b) 180

c) 75

d) 174

e) 105

Step-by-step explanation:

I assume that for each problem, the first digit can't be 0.

a) There are 6 digits that can be first, 7 digits that can be second, and 7 digits that can be third.

6×7×7 = 294

b) This time, no digit can be used twice, so there are 6 digits that can be first, 6 digits that can be second, and 5 digits that can be third.

6×6×5 = 180

c) Again, each digit can only be used once, but this time, the last digit must be odd.

If only the last digit is odd, there are 3×3×3 = 27 possible numbers.

If the first and last digits are odd, there are 3×4×2 = 24 possible numbers.

If the second and last digits are odd, there are 3×3×2 = 18 possible numbers.

If all three digits are odd, there are 3×2×1 = 6 possible numbers.

The total is 27 + 24 + 18 + 6 = 75.

d) If the first digit is 3, and the second digit is 3, there are 1×1×6 = 6 possible numbers.

If the first digit is 3, and the second digit is greater than 3, there are 1×3×7 = 21 possible numbers.

If the first digit is greater than 3, there are 3×7×7 = 147 numbers.

The total is 6 + 21 + 147 = 174.

e) If the first digit is 3, and the second digit is greater than 3, then there are 1×3×5 = 15 possible numbers.

If the second digit is greater than 3, there are 3×6×5 = 90 possible numbers.

The total is 15 + 90 = 105.

6 0
2 years ago
Which property is used in the problem below?
jok3333 [9.3K]

Answer:

Step-by-step explanation:

What you are doing is removing the  brackets. That shows up as multiplying both terms inside the brackets by the factor outside the brackets (2).

This is a classic example of the distributive property.

3 0
3 years ago
4(x + 4y) + 3(4x + y)
Tju [1.3M]
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Answer:

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Step-by-step explanation:

7 0
3 years ago
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