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

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

Answer: because European kings were Christians who do not want to upset the Catholic Church

Explanation:

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

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

- ming reestablished bureaucracy to get rid of mongol influence, europe controlled through monarchy

I hope that is helpful,
Good luck!

2. What does Romeo compare Juliet to when he sees her?

O A. The sun

O B. The moon

O c. Arose

O D. The night sky​

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

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

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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:

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

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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

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

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The Navajo code talkers who served during World War II were from what background? A. African-Americans B. Native Americans C. Japanese ancestry​

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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:

Identify Albert beveridge's argument about American expansionism and imperialism

Answers

While Minister Josiah Strong backed expansionism by claiming it was God's Will, Senator Alfred Beveridge justified it by stating that the emerging businesses demanded imperialism and it was America´s destiny to bring trade, liberty, and civilization to benighted people.
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Which group of people most likely supported William Jennings Bryan during
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B. Factory owners
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C republicans just double check questions

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Answer:

12,521

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How did the Nazi Party get so large in the German government?

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

What territories did Japan control in 1914? Why would having control of territory on the mainland be useful to the Japanese military in the 1930s?

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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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emancipation, free ,

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Answer:

The Soviet Union

Explanation:

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

Requirements to pay reparations to the Allies.

Explanation:

Answer:

requirements to pay reparations to the Allies

Explanation:

Lesson seven reading

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

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Answer:

Explanation:

Mary I

Mary I (18 February 1516 – 17 November 1558), also known as Mary Tudor, and as "Bloody Mary" by her Protestant opponents, was the queen of England from July 1553 until her death.

...

Mary I of England.

I need help on this and the first person who answer correctly gets a BRANLIST​​

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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

What kinds of environments did the gold seekers work in?​

Answers

Answer:

very harsh unfair environments

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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.

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WILL MARK BRAINLIEST

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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.

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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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name the last 5 prime ministers in poland

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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

1) Felicjan Sławoj Składkowski (1885-1962)

2) Mariam Zyndram-Kościałkowski (1892-1946)

3) Leon Kozłowski (1892-1944)

4) Januz Jędrzejewicz (1885-1951)

5) Aleksander Prystor (1874-1941)

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Answers

Answer:

Robert Cornelius is credited with taking the first known selfie in 1839.

Explanation:

What conclusions can you draw from the first battles of the Civil War?

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Answer:

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.

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

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:

Which of the following is NOT a significant contributor to greenhouse gas emissions in India?

A.
nuclear power plants

B.
burning of biomass fuel

C.
agricultural methane emissions

D.
gases released during coal mining

Answers

Answer:

A

Explanation:

if you understand a little bit the topic you will see that nuclear power plants do NOT emits any kind of greenhouse gases as different from answers B C and d being the main contributor of greenhouse gases in India

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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

7. Describe the role that Brian Epstein played in the development and marketing of the Beatles.

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:

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.

How did Eurocentric viewpoints justify the slave trade conditions outline?

Answers

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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