Concerning an Adjustable Rate Loan,which of Statements Is False

question 128

Multiple Choice

Concerning an adjustable rate loan,which of statements is false?

• A)Lenders are required to describe circumstances that will lead to rate changes.
• B)Lenders are required to provide examples of the payment changes that may occur.
• C)The APR will reflect the interest payments you will actually incur over the life of the mortgage.
• D)The APR will take into account the points on the loan.

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Definitions:

Research Hypotheses

Proposed explanations made on the basis of limited evidence as starting points for further investigation into the relationships between variables.

Independent Variable

The independent variable is a variable in an experiment or model that is manipulated or changed to observe its effects on a dependent variable.

Distribution

Refers to how values in a data set are spread or dispersed, indicating the frequency of each value or range of values.

Pie Chart

Figure that uses a circle divided into proportions to represent the percentage of the sample corresponding to each value of a variable.