The Difference Between the Monthly Payments on a $120,000 Home

question 32

Multiple Choice

The difference between the monthly payments on a $120,000 home at 6 ½% and at 8% for 25 years is (use the table in the handbook) :

• A) $81.12
• B) $151.02
• C) $115.20
• D) $91.12
• E) None of these

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Definitions:

Gametophyte

The sexual and haploid phase in the life cycle of plants and algae that produces gametes through mitosis.

Sporophyte

The diploid phase in the life cycle of plants and algae that produces spores through meiosis, which in turn develop into the gametophyte generation.

Evolutionary Trend

A general direction of adaptive changes or evolutionary developments in a group over time.

Mesozoic Era

A geological era occurring between 252 to 66 million years ago, known as the age of reptiles, including dinosaurs.