If you expect interest rates to rise in the future, which type of mortgage loan (shown below) would you prefer?
A)
Graduated payment
B)
Adjustable rate
C)
Shared appreciation
D)
Fixed rate
D
Business
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Peter invests $100,000 in a 3-year certificate of deposit earning 3.5% at his local bank. Which time value concept would be used to determine the maturity value of the certificate?
a. Present value of one. b. Future value of one. c. Present value of an annuity due. d. Future value of an ordinary annuity.
Business
Individual sales training programs may be designed to accomplish which of these specific objectives?
a. time management b. territory management c. product knowledge d. company orientation e. all of the above
Business