Author Question: A mortgage loan in which the interest rate changes periodically, usually in relation to a ... (Read 56 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
A mortgage loan in which the interest rate changes periodically, usually in relation to a predetermined economic index is called an Adjustable Rate Mortgage (ARM)
  Indicate whether the statement is true or false

Question 2

Statistics show that the sales force of Golden Wholesalers successfully closed 1,711 sales out of 1,950 sales calls. What was their percent success rate?
 A) 41
  B) 32.7
  C) 79.3
  D) 87.7



aham8f

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

TRUE

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

For a complete list of videos, visit our video library