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%.
It became the largest nation in the world
<h2>The Facing Stars refer to the "Facing Direction" of a house or building. The Facing Direction is frequently (but not always) determined by one's position when standing at the main door and looking out of the house. Facing Stars are filled into the Geomantic Chart in the following sequence:</h2>
Settlers in the Southern colonies came to America to seek economic prosperity they could not find in Old England. The English countryside provided a grand existence of stately manors and high living. But rural England was full, and by law those great estates could only be passed on to the eldest son.
