John House Has Taken a 20-Year, $250,000 Mortgage on His

question 34

Multiple Choice

John House has taken a 20-year, $250,000 mortgage on his house at an interest rate of 6 percent per year. What is the remaining balance (or value) of the mortgage after the payment of the fifth annual installment?

• A)$128,958.41
• B)$211,689.53
• C)$141,019.50
• D)$248,719.21

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Definitions:

High Power Distance

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language that discriminates or shows bias against a particular sex, typically against women.

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Policies, procedures, and regulations designed to protect individuals from risks and hazards in the workplace and environments.

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An official document recording the details and circumstances of an accidental incident, often for purposes of safety and prevention.