Mr Fisher Has Built Several Houses and Is Offering Buyers

question 12

Multiple Choice

Mr. Fisher has built several houses and is offering buyers mortgage rates of 10% with 15 year term. Current rates are 10.75%. Fourth National Bank will provide the loans, if Mr. Fisher pays an equivalent amount up front to buy down the interest rate. If a house is sold for $290,000 with a 90% loan, how much would Mr. Fisher have to pay to buy down the loan?

• A) $1,957.50
• B) $11,989.34
• C) $11,250.25
• D) $10,790.41

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Definitions:

Foley Catheter

A flexible tube inserted into the bladder to provide continuous urinary drainage and collect urine for medical analysis.

Bladder Irrigations

A medical procedure involving the flushing of the bladder with a solution to clean out the organ or administer medication.

Urine Output

The amount of urine produced and excreted by the kidneys, which is an important indicator of kidney function and hydration status.

Ileal Conduit

A surgical procedure to create a way for urine to exit the body after bladder removal, using a piece of the intestine to form a conduit.