Community Trust Bank Provides Devlin with a Mortgage to Buy

question 26

Multiple Choice

Community Trust Bank provides Devlin with a mortgage to buy a home.The rate of interest is fixed for seven years.At the end of that period,a large payment for the entire balance of the mortgage loan is due.This is

• A)a balloon mortgage.
• B)a hybrid mortgage.
• C)a reverse mortgage.
• D)a violation of the law.

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Definitions:

Method

A function associated with an object in object-oriented programming, which allows the object to perform actions or operations.

C

A general-purpose programming language developed in the early 1970s, known for its efficiency and control over system resources.

System Software

Software designed to provide a platform for other software. Examples include operating systems and utility software.

ROM

ROM stands for Read-Only Memory, a type of non-volatile storage that is used primarily in computers and other electronic devices to hold permanent data that does not change.