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Vera_Pavlovna [14]
3 years ago
5

Greg and Joyce have an adjustable rate mortgage on their home. What is the key feature of this type of loan?

Business
1 answer:
vladimir1956 [14]3 years ago
6 0

Answer: Interest rate can vary

Explanation: Based on the description of Greg's and Joyce's mortgage loan, the key term is the adjustable nature of the loan used to finance the mortgage. Being adjustable simply means not fixated. Hence, the interest on the loan is bound to change throughout the entire period of the loan. This type of mortgage loans are called ADJUSTABLE RATE MORTGAGE or FLOATING mortgage. The change in the interest rate applied on the outstanding balance of is usually at intervals which could be annually, semianually or monthly basis as the case may be.

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Explanation

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Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the eco
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Y = 300

government multiplier 2

output demanded increase by 20

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As disclosure it has a larget effect when the income tax is levied based on income rather than a flat rate.

Explanation:

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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