Use the Information for the Question(s)below

question 49

Multiple Choice

Use the information for the question(s) below.
You are purchasing a new home and need to borrow $250,000 from a mortgage lender.The mortgage lender quotes you a rate of 6.25% APR for a 30-year fixed rate mortgage.The mortgage lender also tells you that if you are willing to pay 2 points,they can offer you a lower rate of 6.0% APR for a 30-year fixed rate mortgage.One point is equal to 1% of the loan value.So if you take the lower rate and pay the points you will need to borrow an additional $5000 to cover points you are paying the lender.
-Assuming you don't pay the points and borrow from the mortgage lender at 6.25%,then your monthly mortgage payment (with payments made at the end of the month) will be closest to:

• A)$694.
• B)$708.
• C)$1540.
• D)$1600.

Identify the major categories of emotions and their specific examples.

Understand the impact of external information on individuals' emotions like pity, envy, and jealousy.

Understand the concept of job satisfaction and its significance.

Define attitudes and understand their components and importance in the workplace.

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Definitions:

Statement of Cash Flows

An accounting summary that shows the overall cash received by a business from its operational activities and investment income, and the cash expended on its business processes and investment opportunities during a set period.

Cash Payment

The process of settling a debt or completing a purchase with the exchange of physical money or through electronic funds.

Interest

The cost of borrowing money or the earnings from lending money, typically expressed as a percentage of the principal.