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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Related Questions

Which is a key theme of Machiavelli’s The Prince ?

A.) kingships should always pass from father to eldest son

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

C.) democracy is the highest form of government

D.) nations should be ruled by philosopher-kings who are just and fair

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:

He is not an advocate of democracy. The ruler derives his authority and power entirely from his ability to conquer and destroy all enemies—even potential enemies.

In think its b i maybe wrong

who was the Daughter of Catherine of Aragon; married to Phillip II of Spain

Answers

Answer:

Explanation:

Mary I

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...

Mary I of England.

Identify ONE way in which European empires were different from the empires of Asia during the period of 1450-1750.

Answers

One way in which European empires were different from the empires of Asia during the period of 1450-1750:

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I hope that is helpful,
Good luck!

Why did the Catholic Church have a lot of power in europe during the middle ages ?

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The Catholic Church became very rich and powerful during the Middle Ages.Because the church was considered independent, they did not have to pay the king any tax for their land. Leaders of the church became rich and powerful. Many nobles became leaders such as abbots or bishops in the church

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Explanation:

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Answers

Answer:

a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Explanation:

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

WILL MARK BRAINLIEST

Think about and discuss the various labels that have been used across US history, from the Civil War to current times, to describe the psychological distress that comes from participating in war- insanity/melancholia, battle fatigue, being shell-shocked, and post-traumatic stress disorder (PTSD). What in the culture produces these labels? Why have the labels changed/evolved over time, and what do the differences suggest, about us, and about how we view war?​

Answers

Answer: Labels give people a sense of order, and a way of distinguishing things. Yet, people aren't things; they are human beings first and foremost. Using labels to describe people ignores deeper reflections of their personhood. A person's race, sexuality, socioeconomic status or geographic origins does not define all that he or she is or will be.

Explanation:

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

What is Civil War?

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.

Labels provide people with a sense of order and a way to distinguish between items. When we use labels to define people, we disregard deeper aspects of their personalities. During the Civil War, the diagnosis of shell shock was replaced with Combat Stress Reaction (CSR), sometimes known as "battle tiredness."

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Need Help ASAP quickly please.

What does involvement and the location of the UN headquarters tell us about the U.S. role in world affairs

Answers

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.

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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Answers

Answer:

Portrait Name Lifespan Term began Term ended

Sin foto.svg Jan ? 1107 1112

Sin foto.svg Michał Awdaniec ? 1112 1113

Sin foto.svg Goswin ? 1113 1138

Sin foto.svg Lupus ? 1138 1145

Sin foto.svg Pean died in 1152 1145 1152

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This overview of the event known as the transatlantic slave trade shows a ... the notion of racial inferiority was used by Europeans to justify the enslavement of millions of Africans. ... From the European point of view, slave labor was crucial for economic ... African laborers toiled from sunup to sunset under grueling conditions

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Answers

Answer:

In 1914, Japan controlled the Japanese Archipelago, the Korean peninsula, and the island of Taiwan. It also had control over the southern half of the Sakhalin Peninsula.

Japan's presence in mainland territory of Asia allowed it to extract raw materials and labor power from this places, to trade more easily with the surrounding areas, and these areas also served it as a base for further territorial expansion, which the country would engage in in the following two decades and until World War II.

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Answers

The men met other people at the party then mated with the women to produce more children

The dollar value of all final good service and structured produced within a country borders in a single years is​

Answers


Gross Domestic Product dollar value of all final goods, services, and structures produced within a country's national borders during a one-year period

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C republicans just double check questions

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Answers

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Answers

Answer:

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Explanation:

I’m pretty sure that the era of wooden warships was at an end. What were Lincoln's motives in limiting the reach of the Emancipation Proclamation? He wanted to hurt the southern war effort in those areas not under Union control

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Answers

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Answers

Answer:

A

Explanation:

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Answers

Answer:

12,521

Explanation:

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Answers

Answer:

very harsh unfair environments

During the gold rush, gold seekers worked in a variety of environments, including riverbeds, mountains, and underground mines. They often endured harsh weather conditions, dangerous working conditions, and environmental hazards in their quest for gold.

What was the gold rush?

The Gold Rush was a significant period in American history that began in 1848 when gold was discovered at Sutter's Mill in California. News of the discovery sparked a massive influx of people from all over the world, who came in search of gold and the prospect of wealth.

Gold seekers, also known as "forty-niners," endured harsh conditions and faced many challenges, including difficult travel, harsh weather, and dangerous working conditions.

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Answers

Answer:

The Soviet Union

Explanation:

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Answers

Answer:

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Explanation:

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Answer:

I would think probably d

Explanation:

but that's just because I know that she was a nurse only because she wanted to help her country

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Answers

Answer:

Requirements to pay reparations to the Allies.

Explanation:

Answer:

requirements to pay reparations to the Allies

Explanation:

Lesson seven reading

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O A. The sun

O B. The moon

O c. Arose

O D. The night sky​

Answers

Romeo compares Juliet's eyes to the stars because her beauteous eyes glisten in the moonlight like stars.

HELP THIS IS URGENT, ANSWER FOR BRAINLIEST

Answers

Answer:

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

Explanation:

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:

The other two don't make any sense. If option B was true, we would only be able to exchange currency with half of the countries. Option A is obviously wrong, because any nation in a civil conflict wouldn't put that aside to trade money with you, or anyone else.

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Answers

I got b native Americans not Japanese ancestry

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Answers

emancipation, free ,

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Answers

Answer:

Epstein's marketing efforts in promoting the band was strategic. He knew where the Beatles could reach success and he did what he could to get them the exposure and the rest was history. As the manager of the Beatles, Epstein rarely had down time. He also lived an irregular lifestyle constantly traveling.

Explanation:

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Answers

theory sparrow theory proposition that taxes in busniess.

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.

Explanation:

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