Borrowers choosing an adjustable-rate mortgage a) pay a higher interest rate during the first few years.
b) are often forced to sell their homes after the first year.
c) often pay a lower interest rate during the first few years.
d) agree to accept no risk when borrowing money.
HURRY PLEASE IM TIMED!!!

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Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?