Question: please help! :) Question 3(Multiple Choice Worth 3 points) (Mortgage Loans LC) A bank offers three mortgages shown: Option 1: Fixed rate mortgage at 4%

please help! :) please help! :) Question 3(Multiple Choice Worth 3 points) (Mortgage Loans LC)
A bank offers three mortgages shown: Option 1: Fixed rate mortgage at
4% for 15 years Option 2: Adjustable rate mortgage at 2.95% for

Question 3(Multiple Choice Worth 3 points) (Mortgage Loans LC) A bank offers three mortgages shown: Option 1: Fixed rate mortgage at 4% for 15 years Option 2: Adjustable rate mortgage at 2.95% for 15 years with terms 6/1 and a cap of 2/5 Option 3: Balloon mortgage at 5% with terms 15/5 Which mortgage(s) will have fixed payments for at least the first 6 years? Fixed rate only Fixed rate and balloon only Fixed rate and adjustable rate only Fixed rate, adjustable rate, and balloon Question 2Multiple Choice Worth 1 points] (fotal Costs and Debt Payoff MC) A borrower has a 57,000 balance on a credit card that charges 15.99% interest, compounded monthly. Which of the following monthly payments would allow ine borrower to pay the balance in full after four years? A sprendaheet was used to calculate the correct answer, Your answer may vary slightly depending on the technology used. Question 4 (Multiple Choice Worth 1 points) (Cash Versus Financing LC) An audio streaming service subscriber pays $16.99 per month for unlimited music and podeast streaming. The subscriber pays for the service using a creqt card with a 27.994 APR, If the balance is paid off after one month of interest charges, how much more will have been paid instead of using cash? 50.40 $0.26 $1.27 54.75

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