Consider an adjustable rate mortgage of $90,000 with a maturity of 30 years and monthly payments. at the end of each year, the interest rate is adjusted to become two percentage points above the index. annual cap of 300 basis points (3%), and a lifetime cap of 500 basis points (5%). in the there is an first year the contract rate is 6%, with no teaser. in year two, the index rate is 8%. 9. what is the contract rate in year two? b.10% e.9% d. 11% 10. what monthly payment is called for in year two? a. $786 b. $795 c. $720 d. s648

Thirty years ago daniel bought a plot of land for $50,000 when the cpi was 50. now the cpi is 180 and he sold the land for $180,000. what issue might inflation cause for daniel?

Fess receives wages totaling $74,500 and has net earnings from self-employment amounting to $71,300. in determining her taxable self-employment income for the oasdi tax, how much of her net self-employment earnings must fess count? a. $74,500 b. $71,300 c. $53,900 d. $127,200 e. none of the above.

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.a. after a long search, jon finds a job.b. tyrion, a full-time college student, graduates and is immediately employed.c. after an unsuccessful job search, arya gives up looking and retires.d. daenerys quits her job to become a stay-at-home mom.e. sansa has a birthday, becomes an adult, but has no interest in working.f. jaime has a birthday, becomes an adult, and starts looking for a job.g. cersei dies while enjoying retirement.h. jorah dies working long hours at the office.