The charts show the effect of an interest rate adjustment on an adjustable-rate mortgage.

Mathematics

1 answer:

Tcecarenko [31]3 years ago

3 0

Answer:

C. a higher monthly payment.

Step-by-step explanation:

<h3>Answer options:</h3>

Rate adjustment resulted in

<u>A. a lower interest rate. </u>

No, interest rate increased from 0.4 to 0.5 percent

<u>B. a higher principal. </u>

No, principal decreased from $200000 to $187000

<u>C. a higher monthly payment. </u>

Yes, monthly payment increased from $1059.85 to $1162.56

<u>D. a higher number of payments.</u>

No, number of payments remained as 336

You might be interested in

What weighs more 5.2 grams or 500 centigram

NeX [460]

1 gram = 100 centigrams

5.2 grams = 520 centigrams.

5.2 grams (5.2 centigrams) weighs more than 500 centigrams.

5 0

3 years ago

Read 2 more answers

What I am really in need of help. If anyone answers this I will award 60 points to anyone!

Vesna [10]

There is usually calculator that will solve it for you look for them just plug the question in and it can show the steps too

7 0

3 years ago

What are the total amount of choices possible if an individual is to create a 4 digit password using the digits 0 through 9 incl

Serga [27]

Answer:

10000 options

Step-by-step explanation:

There are 10 options of digit from 0 to 9. It means there are 10 options for the first slot, 10 for the 2nd slot, 10 for the 3rd slot, and 10 for the last slot of each of the 4 slots of the password. For all 4 passwords the total amount of choices would be

$10 * 10 * 10 * 10 = 10^4 = 10000 options ranging from 0000 to 9999$