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3 years ago

What is one difference between fixed-rate mortgages and variable-rate mortgages?

Mathematics

2 answers:

STALIN [3.7K]3 years ago

5 0

Answer:

A variable interest rate loan is a loan where the interest charged on the outstanding balance fluctuates based on an underlying benchmark or index that periodically changes. A fixed interest rate loan is a loan where the interest rate on the loan remains the same for the life of the loan.

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Shalnov [3]3 years ago

5 0

Answer:

<h2>Fixed-rate financing means the interest rate on your loan does not change over the life of your loan. ... With a variable-rate loan, the interest rate on the loan changes as the index rate changes, meaning that it could go up or down. Because your interest rate can go up, your monthly payment can also go up.</h2>

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Highest to lowest -0.6,0.38, -0.09, 0.7

algol13

Hey there!

Guide:

• NEGATIVES are BELOW zero

• POSITIVES are ABOVE zero

• DECIMALS are BELOW zero

Highest to lowest: –0.6, 0.38, –0.09, 0.7

0.7 ⬅️ HIGHEST

0.38 ⬅️ 2nd HIGHEST

–0.09 3rd HIGHEST ⬅️

–0.6 ⬅️ LOWEST

Answer: 0.7 , 0.38, –0.09, and –0.6 ☑️

Good luck on your assignment and enjoy your day!

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2 years ago

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I need help with this one Eight cookies cost $12. At this rate, how much will 10 cookies cost?

mr Goodwill [35]

Answer:

$15

Step-by-step explanation:

12/8 = 1.5 = 1.50 per cookie

1.50* 10 = 15

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3 years ago

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Doss [256]

Answer:

ANSWER. Part c

Line segment PM = 4.2 length

ML = 6.2

ON = 3

NK = 2

Step-by-step explanation:

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3 years ago

How many cubes of side 2cm can be fitted into a box 12 cm long, 8cm wide and 4cm high?

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3 years ago

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Based on the Nielsen ratings, the local CBS affiliate claims its 11 p.m. newscast reaches 41% of the viewing audience in the are

Nastasia [14]

Answer:

$z=\frac{\hat p -p_o}{\sqrt{\frac{p_o (1-p_o)}{n}}}$ (1)

$z=\frac{0.36 -0.41}{\sqrt{\frac{0.41(1-0.41)}{100}}}=-1.017$

Step-by-step explanation:

Data given and notation

n=100 represent the random sample taken

$\hat p=0.36$ estimated proportion with the survey

$p_o=0.41$ is the value that we want to test

$\alpha$ represent the significance level

z would represent the statistic (variable of interest)

$p_v$ represent the p value (variable of interest)

Concepts and formulas to use

We need to conduct a hypothesis in order to test the claim that the true proportion is lower than 0.41.:

Null hypothesis: $p\geq 0.41$

Alternative hypothesis: $p < 0.41$

When we conduct a proportion test we need to use the z statistic, and the is given by:

$z=\frac{\hat p -p_o}{\sqrt{\frac{p_o (1-p_o)}{n}}}$ (1)

The One-Sample Proportion Test is used to assess whether a population proportion $\hat p$ is significantly different from a hypothesized value $p_o$ .

Calculate the statistic

Since we have all the info requires we can replace in formula (1) like this:

$z=\frac{0.36 -0.41}{\sqrt{\frac{0.41(1-0.41)}{100}}}=-1.017$

8 0

3 years ago

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