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ELEN [110]
3 years ago
7

What is the main difference between ballon mortgage and arm

Business
2 answers:
LenKa [72]3 years ago
4 0

Answer:

A balloon mortgage is a type of a loan that requires the borrower to make the payment as a lump-sum at the maturity period while under the ARM the borrower is allowed to choose the small periodic payments suitable for both the lender and the borrower.  

ARM is the abbreviation for Adjustable Rate Mortgage. therefore the loan repayment changes according to agreement between the lender and the  borrower.

OverLord2011 [107]3 years ago
3 0

Explanation:

Mortgages is a legal document between the lender and the borrower. Lender can be a bank or a financial institution which takes the borrower's property as a collateral and charge a percentage of interest on the money. A Balloon mortgage is a loan in which the borrower has to pay the lump sum amount to fulfill repayment. Balloon loans are short term duration loans. These are interest only installment payments. ARM Mortgage is the Adjustable Rate mortgage in which the percentage of interest is adjusted periodically on the basis of index

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The following data was collected from the manufacturing of an auto component. It represents the diameter (in mm) of that compone
andre [41]

Answer:

9.37

Explanation:

The computation of LCL for a control chart is shown below:-

Sample  Obs 1  Obs 2    Obs 3   Obs 4   Mean observation    Range

1                 10      12           12          14              12                         4

2                 12     11            13          16              13                          5

3                 11      13            14           14              13                          3

4                 11       10            7            8               9                          4

5                13     12             14            13             13                         2

For computing the mean observation  and range we will use the below formulas

Mean observation = ( Obs 1 + Obs 2 + Obs 3 + Obs 4) ÷ 4

Range = Highest value - Lowest value

LCL =  \bar{\bar{X}} - A2 \bar{R}

\bar X =  ( 12 + 13 + 13 + 9 + 13 ) ÷ 5

= 12

\bar R =  ( 4 + 5 + 3 + 4 + 2 ) ÷ 5

= 3.6

Since we found the value of A2 with the help of constants table for control charts for a 4 subgroup size.

A2  = 0.729

LCL =  \bar{\bar{X}} - A2 \bar{R}

12 - 0.729 × 3.6

= 9.37

5 0
3 years ago
Which of the following is true about avoiding discrimination?
Ivan

If preventing discrimination would cause undue hardship, reasonable accommodations will be made. The correct response to the question is option (d).

<h3>What is discrimination?</h3>

Discrimination is the practice of treating someone unfairly based on the groups, classes, or other categories to which they nominally or tacitly belong. Due to a person's race, gender, age, religion, sexual orientation, or any other characteristic, they may be treated unfairly. Discrimination based on race and national origin is presently the most prevalent sort of prejudice.

Discrimination typically takes four different forms:

• Discrimination in the open. This entails treating one individual less favorably than another due to a protected feature.

• Unintentional discrimination

• Harassment

• Victimization

To know more about discrimination, visit:

brainly.com/question/14896067

#SPJ1

8 0
1 year ago
Why does insurance often provide "peace of mind"? O People know their insurance coverage will help prevent accidents and damage
Elena-2011 [213]

Answer:

its the last one lol

Explanation:

7 0
3 years ago
Next year's pro forma statement is based on an annual increase in sales of four percent. The firm is currently operating at 85 p
ELEN [110]

Answer: a) total assets will increase by less than four percent

Explanation:

Since the tax rate and the dividend payout ratio are fixed, and you have net working capital and all costs varying directly with sales, the total assets will increase by a value that is less than the annual increase in sales.

7 0
3 years ago
Plz, help ASAP!!!!!!
Cerrena [4.2K]
<h2>Grants are typically needs-based while scholarships are typically merit-based. </h2>

Explanation:

Option 1:

This is invalid because grands are usually need based and scholarships are usually merit-based.

Option 2:

This is the right answer.

Grants are often given considering the family background in terms of financial situation.

Merit-based are often based on GPA that the student secure

Option 3:

This stands invalid because you need not write any essay.

Option 4:

This is also invalid because both Federal and state governments offer both Grants and merit-based scholarships.

5 0
3 years ago
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