The following statements describe accurately the terms of this mortgage:
-"The monthly interest rate is 4 percent". This means that each month, the owner will have to pay the normal fee plus 4% of it.
-"Monthly payments must be for 30 years". This means that the owner will have to make a payment every month for 30 years in order to pay their debt.
-"The homeowner is borrowing $200.000". This is the amount of money the homeowner is borrowing from the bank or company, which they will pay by making monthly payments for 30 years.
The other three statements do not describe the terms of the mortgage as they misunderstand the details.
-Payments must be made for 30 years, with 12 months each year, it makes it 360 payments in total. Not monthly payments for 360 years and the homeowner is not borrowing $360.000 either.
-The annual interest rate is not 4.8% . The correct way to find this value is by taking into account days and months, which would make it be around 60%.
A veteran is a former member of the Armed Forces of the United State (Army, Navy, Air Force, Marine Crops, and Coast Guard) who served on active duty and was discharged under conditions, which were other than dishonorable
Think about the Bill of Rights in the U.S. Constitution as a product of Enlightenment ideas. ... John Locke and Jean-Jacques Rousseau introduced the idea of a social contract
Egyptians were better off with a democratically elected regime. The benefits of a democracy by far surpasses the excesses of a military dictatorship, in that in a democracy, freedoms and liberties are protected.
however, the Egyptian situation was different because the democratically elected president became the enemy of freedoms and liberties such as freedom to worship, and promoted radical brotherhood views.
the problem was with the way the transition was handled, as the military ought to have let parliament or the people decide the course of society. the problem, however is, with religion such as Islam the achievement of the democratic ideals is a long shot?
