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

question 48

Multiple Choice

Given 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

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Definitions:

Organizational Commitment

A psychological state that characterizes an employee's relationship with their organization, influencing their decision to continue membership.

Identification with Organization

The psychological bond or alignment that employees feel with their employer or workplace, often reflected in their loyalty and sense of belonging.

Behavioral Consistency

Denotes the degree to which individuals' actions and reactions are predictable over time based on their established traits or patterns.

Emotional Intelligence

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, empathize with others, overcome challenges, and defuse conflict.