Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the market-determined interest rate that is the "m

The market-determined interest rate that is the "moving part" in an adjustable rate mortgage is...

60.1K

Verified Solution

Question

Finance

image

The market-determined interest rate that is the "moving part" in an adjustable rate mortgage is more commonly referred to as the: teaser rate index rate cap rate margin A comparable property sold 4 months ago for $287,000. If the appropriate adjustment for market conditions is -0.50% per month (without compounding), what would be the adjusted price of the comparable property assuming all else is the same between the two properties? $269,780.00 $281,260.00 $292,740.00 $285,565.00

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students