Many locations require that renters be paid interest on, Finance Basics

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Many locations require that renters be paid interest on

Question: 1. Many locations require that renters be paid interest on their security deposits. If you have a security deposit of $1,800, how much would you expect a year at 2 percent?

2. If an adjustable-rate 30-year mortgage for $120,000 starts at 4.0 percent and increases to 5.5 percent, what is the amount of increase of the monthly payment?

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