The table shows the terms of a fixed-rate mortgage.
Component
Cost
(P) Principal
$200 000
Which accurately describes the terms of this mortgage?
Check all that apply.
The homeowner is borrowing $360,000.
The monthly interest rate is 4 percent.
Monthly payments must be made for 30 years.
The annual interest rate is 4.8 percent.
The homeowner is borrowing $200,000.
.4%
(R) Monthly interest rate
(n) Total number of
monthly payments (30-
year term)
360
(M) Monthly payment
Monthly payments must be made for 360 years.
My

Answers

Answer 1

Answer:

Its 3, 4, and 5

Explanation:

Answer 2

The accurate statements that describe the terms of this mortgage are:

The monthly interest rate is 4 per cent.Monthly payments must be made for 30 years.The homeowner is borrowing $200,000.

Therefore, option B, C, and E are correct.

What is a fixed-rate mortgage?

A mortgage loan with a fixed interest rate is one in which the interest rate on the note does not change during the loan. A home loan option known as a fixed-rate mortgage has an agreed-upon interest rate for the duration of the loan.

The details of this mortgage are accurately described by the following statements:

The interest rate for the month is 4%. This implies that the owner must pay the regular price plus an additional 4% monthly.

"Monthly payments must last 30 years," it states. To pay off the loan, the owner will have to make a payment each month for 30 years.

The homeowner is taking out a $200.000 loan. This is the sum the homeowner will borrow from the bank or business and repay over 30 years through monthly installments.

The other three assertions are inaccurate since they do not accurately represent the mortgage's terms.

There must be 360 payments made throughout the required 30 years (12 months every year). Neither is the homeowner making 360 years' worth of payments, nor are they borrowing $360,000.

Not 4.8% is the annual interest rate. By accounting for days and months, the proper technique to calculate this value would result in a result of about 60%.

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B.
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Answer:

A

Explanation:

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Answer:

Explanation:

Mary I

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Answer:

The United States is one of the United Nations' most important stakeholders. The UN was created at the initiative of the US after World War II. Washington provides the largest financial contribution to the UN's overall budget. The US hosts the UN's headquarters in New York.

Explanation:

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B.) rulers should do whatever is necessary to secure and unite their states

C.) democracy is the highest form of government

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Answers

Answer:

B. Major Themes of The Prince Important Themes Statesmanship and War. Machiavelli firmly believes that the soundness of the state is derived from a powerful military.

Explanation:

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In think its b i maybe wrong

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Answer:

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Explanation:

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Answer:

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Answer:

12,521

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Answer:

Trickle down economics is a term used to describe the belief that if high-income earners gain an increase in salary, then everyone in the economy will benefit as their increased income and wealth filter through to all sections in society.

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Answer:

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Answer:

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Explanation:

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Answers

Answer:

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Explanation:

Sorry off topic but I loveee your pfp! have a great day my friend

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Answer:

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Answers

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PTSD has long been known by various names. Physicians termed these illnesses during the Civil War based on assumed etiologies or symptom manifestation.

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A fundamental component of democracy is the protection of civil rights. Without regard to color, religion, or any other traits, they are assurances of equal social opportunity and legal protection. Similar to World War Two, the Civil War ended. Early in the 16th century, the phrase started to become commonplace.

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Answer:

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Answer:

i am only adding this so you cna give the other guy a brainliest because he got it right

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Answer:

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Explanation:

Germany, Austria-Hungary, and Turkey's economic problems after
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Answers

Answer:

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Explanation:

Answer:

requirements to pay reparations to the Allies

Explanation:

Lesson seven reading

With which of the following nations would it be easiest to exchange currency?

A.
a nation in the midst of a civil conflict

B.
a nation that has recently become democratic

C.
a nation whose government is composed of competing ethnic groups

D.
a nation that has operated under the same government for thirty years

Answers

Answer:

I would think the answer is either C or D.

Explanation:

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