What is lifetime cap?
Answer:
What is a life cap?
A life cap, or lifetime cap or rate cap, is the maximum amount that a borrower’s interest rate can increase over the term of the loan. The life cap represents either a total absolute rate or percentage change in the rate.
Deeper definition
Adjustable-rate mortgages (ARMs) usually come with a series of caps that limit how much interest can be charged to the borrower after the fixed-interest period ends. The initial adjustment cap limits the change in interest for the first time rates are adjusted, and there are subsequent, or periodic, interest caps to cover upcoming changes in the interest rate.
Life caps limit how much interest the lender can charge over the term of the entire term. Usually expressed as an absolute percentage, or a change in percentage, life caps may differ between lenders but should be spelled out in the loan agreement.
Lifetime caps represent the highest rate at which interest can be charged. However, ARM interest rates can actually decrease after the fixed-interest period. Additionally, lifetime caps don’t affect other costslike transaction and late fees, which are factored along with the interest rate into the annual percentage rate (APR).
Wondering how a life cap will affect your payments? Use Bankrate’s mortgage calculator to find out how much you’ll owe.
Life cap example
James acquired a loan from a bank with 7 percent as the initial interest rate. The bank allows adjustments every three months, but has a life cap of 3 percent. Therefore, the maximum interest rate Jack will ever have to pay is 10 percent.
There you go
Answer: A) A limit on how much an ARM's interest rate can change over the
life of a mortgage.
Step-by-step explanation: took the quiz.
Write a true equation based on this diagram
Find an expression to represent the perimeter of the triangle below.
The perimeter of a triangle is (x+10)/(x+3) units.
What is the perimeter?The perimeter of a shape is defined as the total distance around the shape. It is the length of the outline or boundary of any two-dimensional geometric shape. The perimeter of different figures can be equal in measure depending upon the dimensions.
The sides of given triangle are 2/(x-3), (x²-21)/(x²-9) and 5/(x+3).
Perimeter = 2/(x-3) + (x²-21)/(x²-9) + 5/(x+3)
= 2(x+3)/(x²-9) + (x²-21)/(x²-9) + 5(x-3)/(x²-9)
= (2x+6+x²-21+5x-15)/(x²-9)
= (x²+7x-30)/(x²-9)
= (x²+10x-3x-30)/(x²-9)
= (x(x+10)-3(x+10)/((x-3)(x+3))
= ((x+10)(x-3))/((x-3)(x+3))
= (x+10)/(x+3)
Therefore, the perimeter of a triangle is (x+10)/(x+3) units.
To learn more about the perimeter visit:
https://brainly.com/question/6465134.
#SPJ2
ABCD is a rectangle with angleBAC =32 and find angleDBC
Answer:
Angle BAC= Angle DBC ( vertically opposite angels are equal)
Therefore, Angle DBC = 32 degree
Step-by-step explanation:
I hope it is correct.
pls help me get this answer I need it quick
Answer: 6
Step-by-step explanation:
Pythagorean Theorem
Answer:
6
Step-by-step explanation:
the 2 shortest legs squared and added together is the same as the longest leg squared
100-64=36 ([tex]10^{2}[/tex]-[tex]8^{2}[/tex]=36)
[tex]\sqrt{36}[/tex] is 6 (36÷6=6)
the equations are in parentheses and bolded, italicized, and underlined
hope this helps
b. Calculate the slope. (-9,-6) and (-6,-4)
Answer:
slope = 2/3
Step-by-step explanation:
(x² + 6x − 16)(x − 2) = ax³ + bx² + cx + d
What is the value of c/b?
Select one:
A. 8
B. 7
C. -7
D. -8
Please I beg you help me.
If a baseball is projected upward from ground level with an initial velocity of 32 feet per second, then its height is a function of time, given by s = - 1612 +32t.
What is the maximum height reached by the ball?
The maximum height should be approximately 50.37 feet
y=kx k=-4 and x= 5/6. find the value of y
Answer: y= 13
Heart if it helped
Brain if im cool
What’s the answer to this problem
Answer:
2
Step-by-step explanation:
It’s not real
Question 6
Determine if the question posed is a statistical question (yes) or not (no).
Which tree is the tallest in the park?
Answer:
Yes this is a statistical question because of how they want to measure the tress to find out how tall are all of them and then to find out which is the tallest.
Plz help me ........
Step-by-step explanation:
6x + 3x = 180
9x = 180
x = 20
m<SVW= 3(20) = 60 degrees
pls help me fastttt
Answer:
its D
Step-by-step explanation:
mark the brainiest
not sure about this one
Answer:
last one
Step-by-step explanation:
What is the following product
Answer:
6 (square root )432 (option 3)
Step-by-step explanation:
Answer:
Step-by-step explanation:
⁶√(432)
If you purchased 450 shares of Apple stock 3 years ago for $112.30 per share and you paid 4%
commission for the purchase. How much was the total purchase cost you?
Answer: $52556.40
Step-by-step explanation:
Price per share = $112.30
Number of shares = 450
Cost of the shares = 450 × $112.30 = $50535
Since there is a 4% commission, the total cost of the purchase will be:
= $50535 + (4% × $50535)
= $50535 + (0.04 × $50535)
= $50535 + $2021.40
= $52556.40
Can someone please help me with this and if able to explain how I work it out please
Answer:
4 = [tex]\sqrt{15[/tex]
Step-by-step explanation:
Can somebody please help me with this question? I’ll make brainliest
Answer:
constant term= 8
exponent of the third term= 1
Step-by-step explanation:
the constant is the term that does not have a variable/letter attached to it...that would be positive 8
the third term is 3y, but there is an "understood" exponent of 1 there...it's just useless to say [tex]3y^{1}[/tex]
What is the value of x?
26°
x =
= [?]
Answer:
154°Step-by-step explanation:
The central angle and the angle between the tangents are supplementary, so
x + 26° = 180° ( subtract 26° from both sides )
26 - 26 = 0
180 - 26 = 154
x = 154°
HELP PLEASE Quadratic Equations Math Nation
Answer:
its 5/6
Step-by-step explanation:
we just group things around and we have this
36 m^2 - 60 m = -25
Alternate forms:
12 m (3 m - 5) = -25
36 m^2 - 60 m + 25 = 0
Solution:
m = 5/6
DeAndre
drinks 15 ounces of water, which is 3/5
of his bottle.
Write an equation to represent the total amount of water
in DeAndre's bottle? Some one please help!
Answer:
25 ounces of water
What is the slope of the line through ( 10, 1) and (0,4)?
khan Academy
Answer:
-1/2
Step-by-step explanation:
[tex]y^{2} = -4 \\y^{1} =-1\\x^{2} = 0\\x^{1} = -10[/tex]
Using the formula [tex]\frac{y^{2}-y^{1} }{x^{2}-x^{1} }[/tex]
[tex]\frac{-4-1}{0-(-10)}[/tex]
Simplifly
[tex]\frac{-5}{10} = \frac{-1}{2}[/tex]
Please help! Will give Brainliest!
HELP ME PLEASEEEEEEE I WILL GIVE BRAINLIEST PLZ HELP PLZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
Answer:
pretty simple, you should get 1824
Step-by-step explanation:
first find area of square, you should get 1536 in^2. Then triangle, the formula is base times height divided by 2. lmk if you need more help
I will give you BRAINLIEST for the correct answer
Answer:
48 in³
Step-by-step explanation:
volume=length*breadth*height
=12*2*2
Solve each problem and answer the question.plz help me
What is the radius of the cone in the diagram? Round your answer to the nearest whole number.
Answer:
4
Step-by-step explanation:
Misty owes the bank $32. She gets $45 for her birthday and deposits it into her account. How much does she
now have in the bank?
Answer:
she has 13 dollars left
Step-by-step explanation:
simple math of subtraction. 45 - 32 = 13
13 goes into her account after paying her debt to the bank
Jon is taking a 625 mile trip. On the first day, he drove 183 miles.
How many more miles does he have to drive?
Answer:
442
Step-by-step explanation:
625-183=442
The more miles he have to drive is 442miles.
We have given that,Jon is taking a 625 mile trip.On the first day, he drove 183 miles.
We have to find the how many more miles does he have to drive.
What is the formula for the total miles drive?Total distace mile drove =mile drove first day+Remaining drove in miles
So we can write it as,
Total distance miles-Miles drove first day= Remaining miles
Total distance=625
first day distance=183
Remaining distance
=625-183
=442
Therefore the remaining distance is 442miles.
To learn more about the distance visit:
https://brainly.com/question/23848540
Graph a line with a slope of 3/4 that contains the point (2,-3).
Answer:
Start at the y-intercept (0, -4.5) and then use rise over run (Up 3 and right 4)
Step-by-step explanation:
y - y1 = m(x - x1)
y + 3 = 3/4(x - 2)
y + 3 = 3/4x - 3/2
y = 3/4x - 9/2