You Are Currently Borrowing $175,000 to Buy a House

question 32

Multiple Choice

You are currently borrowing $175,000 to buy a house. The mortgage is for 15 years at 6%. How much would you save each month if you could finance this amount at 5% for the same time period?

• A)$84.37
• B)$86.27
• C)$88.95
• D)$90.24
• E)$92.86

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Definitions:

Action Potentials

Electrical impulses that travel along the membrane of nerve cells, allowing them to communicate with other cells.

Presynaptic Terminals

The end points of nerve cells (neurons) where neurotransmitters are released to transmit signals to other neurons or muscles.

IPSP

Inhibitory postsynaptic potential; a synaptic potential that makes a postsynaptic neuron less likely to generate an action potential.

Hyperpolarizes

The process of increasing the negative charge within a neuron beyond its resting potential, making it less likely to fire an action potential.