Why GPA is not reliable?
Why GPA is not reliable?
The reality is that G.P.A. is comprised of so many arbitrary factors it can (and often does) completely fail to display intelligence, capability, or mastery of material: all the copied assignments, points docked for barely late work, the disparities between the grade on the final exam and the grade in the class, the …
What is a GPM?
GPM means Gallons Per Minute. Also known as “flow rate”, GPM is a measure of how many gallons of water flow out of your shower head each minute. This means no more than 2.5 gallons of water should flow out each minute.
How many GPM will a 1 hp pump?
52 GPM
How many GPM are in a ton?
= GPM X 500 X Temp Rise Typical chilled water system design flow rates 2.4 GPM per ton (assuming 10oF difference between entering and leaving temperatures) Evaporation rate of cooling tower condenser water 3 GPM per 100 tons Condenser water flow rate requirement 3 GPM per ton BTU per ton of cooling 12,000 BTU = 1 ton …
What does gpm stand for mortgage?
A graduated payment mortgage (GPM) is a type of fixed-rate mortgage in which the payments increase gradually from an initial low base level to a higher final level. Typically, the payments will grow between 7-12 percent annually from their initial base payment amount until the full monthly payment amount is reached.
What is a growing equity mortgage?
A growing-equity mortgage (GEM) is a type of fixed-rate mortgage where monthly payments increase over time according to a set schedule, rather than remaining fixed and equal over the loan term. The interest rate on the loan does not change, and there is never any negative amortization.
What is package mortgage?
: a mortgage covering major items of equipment (as kitchen appliances) in addition to the house and lot.
What is a balloon payment on a mortgage?
A balloon payment is a larger-than-usual one-time payment at the end of the loan term. If you have a mortgage with a balloon payment, your payments may be lower in the years before the balloon payment comes due, but you could owe a big amount at the end of the loan.
Is balloon payment good or bad?
A balloon payment is ideal for certain income structures. Your main income will cover the vehicle finance amount, and your extra income can cover your balloon amount. If you cannot pay your balloon payment while paying the vehicle loan, you can open up a savings account and save that money until your loan period ends.
Can you sell a house with a balloon payment?
A. Homeowners are permitted to sell their house with a balloon mortgage. The only caveat is that the sales price less expenses are sufficient to pay off the balloon loan.
Should I buy a car with a balloon payment?
“This type of payment is intended to assist with cash flow management at the start of a finance agreement, but only if you can afford it. It may help to ease the burden of monthly expenses, but buyers with balloon deals may need to use cash they’ve been saving to settle the balance owed at the end of term,” Msibi says.
What happens when a balloon payment comes due?
The balloon payment is equal to unpaid principal and interest due when a balloon mortgage becomes due and payable. If the balloon payment isn’t paid when due, the mortgage lender notifies the borrower of the default and may start foreclosure.
Can you extend a balloon payment?
Many balloon payment lenders will extend their loan for an additional few years without any change in the loan terms. But some will ask for an increased interest rate or a partial paydown of the principal balance.
What are the benefits of balloon payments?
A balloon payment allows a buyer to take an amount owing on the purchase price of a car and set it aside, meaning the monthly instalment amounts are calculated on a lower value – in turn making repayments more affordable. You’re essentially paying off a loan for most of the car, but not all of it.
