Author Question: A discounted rate for the first adjustment period of an adjustable-rate mortgage that is below the ... (Read 43 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
A discounted rate for the first adjustment period of an adjustable-rate mortgage that is below the current market rate of interest is called the prime rate.
  Indicate whether the statement is true or false

Question 2

If a number decreases from 900 to 549 what is the rate of decrease?
 A) 61
  B) 39
  C) 16
  D) 84



zogaridan

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

FALSE

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

For a complete list of videos, visit our video library