George borrows funds from hometown credit union (hcu) to buy real property. george signs a written instrument that gives hcu an interest in the property as security for the debt’s payment. this

(a) Mortgage

Explanation:

Mortgage is a credit from a bank or moneylender to assist you with financing the acquisition of a home. At the point when you take out a home loan, you make a guarantee to reimburse the cash you've acquired, in addition to a settled upon financing cost. The house is utilized as "security.  

It is a loan wherein property or land is utilized as security. The borrower goes into a concurrence with the moneylender (normally a bank) wherein the borrower gets money forthright at that point makes installments over a set time range until he takes care of the loan specialist in full.

answer; the above statement is (true);

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%