A Couple Who Wants to Purchase a Home with a Price

question 8

Multiple Choice

A couple who wants to purchase a home with a price of $325,000 has $100,000 for a down payment. If they can get a 25-year mortgage at 8% per year, paid on the unpaid balance, what is the total amount they will pay
Before they own the house outright? How much interest will they pay over the life of the loan?

• A) $620,977; $295,977
• B) $752,520; $427,520
• C) $852,520; $527,520
• D) $520,977; $195,977

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Definitions:

Crisis Situation

A critical or unstable time or state of affairs in which a decisive change is impending, often with the possibility of a highly undesirable outcome.

Counselor's Tone

The manner or attitude a counselor adopts in communications with clients, characterized often by warmth, empathy, and understanding.

Unruffled

Remaining calm and not easily disturbed or agitated.

Thinking of Killing

Thinking of killing refers to having thoughts or fantasies about causing another being's death, which can be a symptom of serious psychological distress or disorder.