What Will Be the Monthly Payment on a Home Mortgage

question 79

Multiple Choice

What will be the monthly payment on a home mortgage of $75,000 at 12% interest compounded monthly, to be amortized over 30 years?

• A)$771.46
• B)$775.90
• C)$1,028.61
• D)$1,034.53

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Definitions:

Qualified Job Applicants

Individuals who meet the specific criteria and qualifications necessary for a job opening.

Salary Bumping

A process where an employee’s pay is increased, often due to a promotion, union agreement, or internal pay policy.

Salary Inequities

Differences in pay between employees that cannot be attributed to differences in job performance, experience, or responsibilities, often linked to bias or discrimination.

Reference Requests

The process of contacting previous employers, colleagues, or professional contacts to verify an applicant's qualifications, character, and experience.