Use the Information for the Question(s)below

question 34

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 pay the points and borrow from the mortgage lender at 6.00%,then your monthly mortgage payment (with payments made at the end of the month) will be closest to:

• A)$708.
• B)$1530.
• C)$1540.
• D)$1600.

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Definitions:

Genetic Similarities

The degree to which organisms share the same genes or genetic material, often influencing traits and predispositions.

Human

A member of the species Homo sapiens, characterized by advanced cognitive abilities, language use, and complex societies.

Facial Expressions

The movements or positions of the muscles beneath the skin of the face, serving as key indicators of a person's emotions and intentions.

Gender-neutral Face

A facial appearance that does not clearly align with traditional male or female gender norms, making gender identification ambiguous.