Business, 20.12.2019 06:31 AyeSmoky

Which of the following statements regarding a 15-year $225,000, fixed-rate mortgage is correct?
a. the outstanding balance declines at a faster rate in the later years of the loan's life.
b. the remaining balance after three years will be $125,000 less one third of the interest paid during the first three years.
c. because the outstanding balance declines over time, the monthly payments will also decline over time.
d. interest payments on the mortgage will increase steadily over time, but the total amount of each payment will remain constant.
e. the proportion of the monthly payment that goes towards repayment of principal will be lower 10 years from now than it will be the first year.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 08:30

Blank is the internal operation that arranges information resources to support business performance and outcomes

Answers: 2

Answer

Business, 22.06.2019 10:30

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Answers: 1

Answer

Business, 22.06.2019 20:30

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.

Answers: 3

Answer

Business, 23.06.2019 00:10

You are to receive five gold coins from your great uncle as an incentive to study hard. the coins were originally purchased in 1982. your great uncle will deliver the coins the week after finals (assuming your grades are "acceptable"). the amount your great uncle paid for the coins is a(n): indirect cost.overhead cost.opportunity cost.sunk cost.

Answers: 1

Answer

You know the right answer?

Which of the following statements regarding a 15-year $225,000, fixed-rate mortgage is correct?

Questions

Business, 01.07.2019 17:10

Bleakly enterprises has a capital structure of 45 percent common stock, 5 percent preferred stock, and 50 percent debt. the flotation costs are 4.5 pe...

Business, 01.07.2019 17:10

Hazel decided to offer the students who worked for her a bonus of $25 for ideas on how to improve the business, and they provided several good ideas....