Decide Whether the Statement Makes Sense

question 143

Essay

Decide whether the statement makes sense. Explain your reasoning.
-I have a fixed-rate 30-year mortgage of $120,000 at 8%. I inherited some money recently.
If I pay off my mortgage in 20 years instead of 30, the total amount of interest I will end up
paying will be less.

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Definitions:

Antisocial Personality Disorder

A mental health disorder characterized by a long-term pattern of manipulating, exploiting, or violating the rights of others, often marked by a lack of empathy and remorse.

Lack Of Regard

An attitude or behavior characterized by a dismissive or indifferent stance towards others' feelings, needs, or concerns.

Impulsivity

A tendency to act on a whim, displaying behavior characterized by little or no forethought, reflection, or consideration of the consequences.

Naturally Occurring Retirement Community

A community not originally designed for seniors, but that has a large proportion of residents who are retired individuals living independently.