Match the mortgage types with their descriptions. It requires the
buyer to make
a 20% down
payment
A large portion
of principal is
paid in a
single
payment at
the end of
the loan
It has the
same interest
rate for the
life span of
the loan.
It initially has
a fixed rate
for three to
It requires a
lower down
payment
and allows
buyers to
have a lower
credit score.
five years
and then
adjusts at a
predetermined
time.
It starts with
a low interest
rate and then
adjusts
throughout
the duration
of the loan.
conventional
balloon
fixed-rate
adjustable-rate
hybrid
government-
Insured

At river bank, checking account customers earn 0.75% interest a month on their account balances, pay no service fees for writing checks, and pay a monthly $2.00 financial charge. calculate the income earned in one month on the checking account for a customer with an account balance of $1,000. a. $4.25 b. $5.50 c. $6.75 d. $7.25 checking account earnings at baker’s bank are expressed by the equation: i = -0.09x + 10.2. while the earnings at elite bank are modeled by: i = -0.02x + 7.5. in both cases, x is the number of checks written. at what number of checks will elite bank start generating more checking account income than baker's bank? a. 12 b. 25 c. 39 d. 42 emilio’s checking account had a balance of 728.32 at the beginning of the week. he wrote checks for the following amounts throughout the week: $99.48, $33.50, $18.23, and $72.05. he also deposited his paycheck in the amount of $1,109.90. what is his account balance at the end of the week? a. $1,192.35 b. $1,222.86 c. $1,540.52 d. $1,614.96