Answer:
The 28% rule states that you should spend 28% or less of your monthly gross income on your mortgage payment (e.g. principal, interest, taxes and insurance). To determine how much you can afford using this rule, multiply your monthly gross income by 28%
Answer:
62
Step-by-step explanation:
50,50,54,56,60,62,63,64,79,72,72,
median ids the number at the center
50,50,54,56,60(62)63,64,79,72,72
Answer:Any number
Step-by-step explanation:
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.
