How should an increase in inflation affect the interest rate on an adjustable-rate mortgage?
Question:
How should an increase in inflation affect the interest rate on an adjustable-rate mortgage?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (5 reviews)
Higher inflation reduces real ...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Delete 1. (5 points) Edit Distance denoted as EditD. (X, Xi) between two strings Source string: X = X1, X2, X3, X and Target string: Y = V, V2, V3, Is the minimum cost to transform the Source string...
-
An adjustable rate mortgage has a yearly interest rate adjustment cap of 1 percent. If the indexed rate moves up by 112 percent in the first year and 12 percent in the second year, how much can the...
-
ANGLO-GOLD ASHANTI issues 90-day commercial paper with par value of GHS10,000,000. It expects to sell the commercial paper for GHS 9,600,000. What is the yield of this commercial paper? Banks assets...
-
Because of excessive pollution on the Momiss River, the state of Momiss is going to build pollution control stations. Three sites (1, 2, and 3) are under consideration. Momiss is interested in...
-
1. What examples of bounded rationality are evident in this case? 2. What examples of the political decision-making process can you identify? 3. How would evidence-based management help to address...
-
A 200-g ball is launched from a height of 20.0 m above a lake. Its launch angle is 40o and it has an initial kinetic energy of 90.0 J. (a) Use energy methods to determine its maximum height above the...
-
Kelley (1992, 1998) outlined types of followers as: A. Sheep, or yes, people. B. Alienated followers. C. Effective, or exemplary, followers. D. All of the above.
-
The reaction between ethylene and hydrogen bromide to form ethyl bromide is carried out in a continuous reactor. The product stream is analyzed and found to contain 51.7 mole% C2H5Br and 17.3%HBr....
-
Ratios, rates and proportions are seen all over in the news. Search out a news article or statisticalanalysis that has one of these in there. Discuss the role it plays in convincing the reader to the...
-
A fixed-rate mortgage has the same interest rate over the life of the loan, whether the mortgage is for 15 or 30 years. By contrast, an adjustable-rate mortgage changes with market interest rates...
-
If inflation rises unexpectedly by 5%, would a state government that had recently borrowed money to pay for a new highway benefit or lose?
-
An Atkinson cycle has state 1 as 150 kPa, 300 K, a compression ratio of 9, and an expansion ratio of 14. Find the needed heat release in the combustion.
-
According to the Becker model, parents have children until the expected present value of the marginal benefits from having children equals the expected present value of marginal costs. Explain why...
-
Explain how trade with low-wage countries affects jobs in the United States. How can the United States pay its workers higher wages than foreign nations and still be competitive in foreign markets?
-
The United States has increased the National Debt due to wars, recessions, and most recently, a global pandemic. As of 10-4-22, the National Debt is now over $31 Trillion. Does the Government Debt...
-
During COVID, the government provided low-income families with a child tax credit. That policy had a major impact on child poverty in the United States. Now that the credit is going away, child...
-
How do collaborative efforts between governments and non-governmental organizations (NGOs) influence policy-making on a global scale ? explain
-
Cindy operates a computerized engineering drawing business from her home. Cindy maintains a home office and properly allocates the following expenses to her office: Depreciation.............. $1,500...
-
An 8.0 kg crate is pulled 5.0 m up a 30 incline by a rope angled 18 above the incline. The tension in the rope is 120 N, and the crates coefficient of kinetic friction on the incline is 0.25. a. How...
-
Consider Christinas Confectionaries bakery example and focus on the maturity phase of her business. Describe how Christina can develop her brand to distinguish her from other bakeries and what kind...
-
Which do you think are more difficult to protect: tangible or intangible resources and why?
-
What is the PEST tool? How can entrepreneurs use it to their advantage before launching a business?
-
Investments include investments in common shares , trading $ 19,000 and available - for - sale $ 48,300 , and franchises $ 9,000 .Instructions Prepare a statement of financial position in good form (...
-
1.Suppose you buy a forward contract today at a price of $95. The contract expires in 30 days. The risk-free rate is 3 percent. Now 10 days later, the spot price of the asset is $102. What is the...
-
$ 1 , 0 0 0 5 . 1 % coupon bond has 1 9 half years remaining until maturity
Study smarter with the SolutionInn App