Transaction

What may be a concern if you have an adjustable rate mortgage (ARM)?

kipiarov [429]

Answer:

a. After the initial fixed rate period, your rate may increase.

Explanation:

An adjustable-rate mortgage (ARM) is a mortgage whose interest rate applied to the outstanding balance keeps changing throughout the loan's life. At the sign -up, the ARM will have a relatively long fixed-rate period before interest rates begin to change.

With the adjustable-rate mortgage, the lender is at liberty to change the interest rate after the lapse of a certain period. The interest rate will keep changing from time-to-time until the entire debt is paid. This type of mortgage usually starts with a low-interest rate, at times, below the market rates. Nonetheless, the interest rate can increase or decrease significantly over the life of the loan. A significant increase in the interest rate is a worry to customers.

8 0

2 years ago

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Charlotte has just taken a job at a local publishing house. she has a lot of tasks to accomplish today, but her first task is to

Scrat [10]

so she wants to make sure all her correspondence with the authors is professional and looks formal. charlotte has added a citation to the documents on which she is working. in the process of her doing so, word has added the source that she introduced to a ____ of sources, which is now available to any document created using the same user account on that computer.

6 0

2 years ago

you are planning for your retirement and have decided the following: you will retire in 35 years and would like to have $8,000 p

Cerrena [4.2K]

Answer:

Amount needed to have in account = 99272

Explanation:

Below are the calculations:

Annual income after retirement, annuity = $8000

The time period or the retirement life = 30 years

The Interest rate earned by account = 7%

The amount in the account at the time of retirement = Annuity (P/A, r, n)

The amount in the account at the time of retirement = 8000 (P/A, 7%, 30)

The amount in the account at the time of retirement = 8000 x 12.409

The amount in the account at the time of retirement = 99272

6 0

2 years ago

Use the following to answer question 22: Fleeting Moscow Nights currently manufactures vodka as its main product. The costs per

Maru [420]

Answer:

hihihihihihi ola oal oaad

6 0

1 year ago

A manager states that his process is really working well. Out of the 300,000 parts produced last week, inspections identified 15

natali 33 [55]

Answer:

the Defects per million opportunities (DPMO) is 5,000,000 defects per million opportunities

Explanation:

The computation of the Defects per million opportunities (DPMO) is shown below:

= Defects ÷ total parts × one million

= (5 × 300,000) ÷ (300,000) × 1,000,000

= 5,000,000 defects per million opportunities

Hence, the Defects per million opportunities (DPMO) is 5,000,000 defects per million opportunities

We simply applied the above formula so that the correct value could come

And, the same is to be considered

5 0

2 years ago