To Finance Their New Home, the Colemans Have Agreed to a $90,000

question 11

Multiple Choice

To finance their new home, the Colemans have agreed to a $90,000 mortgage loan at 9.25% APR. What will their monthly payments be if the loan has a term of 15 years?

• A) \(\$ 8325.00\)
• B) \(\$ 11330.60\)
• C) \(\$ 6376.63\)
• D) \(\$ 926.27\)
• E) \(\$ 546.25\)

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Definitions:

Sociable

Characteristic of enjoying being with people and interacting with them in a friendly manner.

Anxious and Depressed

Emotional states characterized by feelings of tension, worry, sadness, and a lack of interest in life that can affect an individual’s daily functioning.

Social Psychologists

Scientists who study how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Stanley Milgram

A psychologist best known for his research on obedience, demonstrating how people can commit acts against their morals under authority pressure.