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Brrunno [24]
3 years ago
5

What do balloon mortgage and ARM have in common?

Mathematics
2 answers:
Nina [5.8K]3 years ago
8 0

Answer:

Both are subject to current market rate after the initial rate period.

Step-by-step explanation:

VladimirAG [237]3 years ago
5 0

Answer:

In other respects, a balloon mortgage resembles an adjustable rate mortgage (ARM) with an initial rate period equal to the balloon period. A 7-year balloon, for example, is usually compared to a 7-year ARM. Both have a fixed-rate for 7 years, after which the rate will be adjusted.

Step-by-step explanation:

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If y varies directly as x, and y =15 as x= -3, find y for the x-value of 6.
VMariaS [17]

Answer:

the answer is -30.

Step-by-step explanation:

for each x-value, you will multiply it by -5 to get your y-value. i say this because if y-15 when x=-3, if you divide the x from y (so 15/-3) you get -5 which is the number in which y varies by. so you will take 6 and multiply it by -5 which gives you -30.

8 0
3 years ago
9<br> Write as a percentage.<br> 10
Ludmilka [50]

Answer:

Step-by-step explanation:

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8 0
3 years ago
Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1 divided by 12 of
asambeis [7]

The monthly interest payment is 162

<h3>What is Interest?</h3>

Interest, in its most simple form, is calculated as a percent of the principal.

First,

monthly interest rate,

= 0.24/12

= 0.02.

Now,

Average monthly interest,

=0.02×$675

= $13.50.

Thus, the annual interest payments,

= 12×$13.50

= $162

Learn more about this concept here:

brainly.com/question/1435782

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3 0
1 year ago
            Find the approximate solution of this system of equations.
Montano1993 [528]
Y = |x² - 3x + 1|
y = x - 1

|x² - 3x + 1| = x - 1
|x² - 3x + 1| = ±1(x - 1)
|x² - 3x + 1| = 1(x - 1)       or      |x² - 3x + 1| = -1(x - 1)
|x² - 3x + 1| = 1(x) - 1(1)    or    |x² - 3x + 1| = -1(x) + 1(1)
|x² - 3x + 1| = x - 1        or         |x² - 3x + 1| = -x + 1
  x² - 3x + 1 = x - 1         or          x² - 3x + 1 = -x + 1
        - x        - x                                + x         + x
  x² - 4x + 1 = -1           or            x² - 2x + 1 = 1
              + 1 + 1                                       - 1 - 1
  x² - 4x + 1 = 0              or           x² - 2x + 0 = 0
  x = -(-4) ± √((-4)² - 4(1)(1))    or    x = -(-2) ± √((-2)² - 4(1)(0))
                      2(1)                                             2(1)
  x = 4 ± √(16 - 4)            or            x = 2 ± √(4 - 0)
                 2                                                 2
  x = 4 ± √(12)              or               x = 2 ± √(4)
             2                                                  2
 x = 4 ± 2√(3)               or               x = 2 ± 2
             2                                                2
 x = 2 ± √(3)                or                x = 1 ± 1
 x = 2 + √(3)  or  x = 2 - √(3)   or    x = 1 + 1    or    x = 1 - 1
                                                      x = 2       or       x = 0
y = x - 1          or           y = x - 1                            or    y = x - 1   or    y = x - 1
y = (2 + √(3)) - 1    or    y = (2 - √(3)) - 1          or         y = 2 - 1    or    y = 0 - 1
y = 2 - 1 + √(3)     or      y = 2 - 1 - √(3)          or           y = 1      or       y = -1
y = 1 + √(3)        or        y = 1 - √(3)               (x, y) = (2, 1)    or    (x, y) = (0, -1)
       (x, y) = (2 ± √(3), 1 ± √(3))

The solution (0, -1) can be made by one function (y = x - 1) while the solution (2 ± √(3), 1 ± √(3)) can be made by another function (y = |x² - 3x + 1|). So the solution (2, 1) can be made by both functions, making the two solutions equal.
4 0
3 years ago
When you are determining The probability of an event why must the probability be between 0 and 1
slega [8]

The probability of an event cannot be less than 0 because 0 means it's impossible. The probability of an event cannot be more than 1 because 1 means that it's certain that it will happen. That's why the probability must be between 0 and 1.

7 0
3 years ago
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