With a Mortgage of $48,000 for 15 Years with a Rate

question 79

Multiple Choice

With a mortgage of $48,000 for 15 years with a rate of 11%, what are the total finance charges?

• A)$50,236.80
• B)$5,023.68
• C)$545.76
• D)$54,576
• E)None of these

---

Definitions:

Indigenous Peoples

Ethnic groups who are the original inhabitants of a territory, often having distinct languages, cultures, and traditions, which may differ from mainstream cultures.

Toxic Breast Milk

Breast milk contaminated with harmful substances, such as environmental pollutants or drugs, which can adversely affect infant health.

Inuit

Indigenous peoples inhabiting the Arctic regions of Greenland, Canada, and Alaska.

Indigenous Peoples

Ethnic groups who are the original inhabitants of a region, before the arrival of colonizing populations, and who maintain traditions or aspects of an early culture associated with the region.