Your Real Estate Agent Mentions That Homes in Your Price

question 63

Multiple Choice

Your real estate agent mentions that homes in your price range require a payment of $1,200 per month for 30 years at 9% interest compounded monthly.What is the size of the mortgage with these terms?

• A)$128,035.05
• B)$147,940.29
• C)$149,138.24
• D)$393,120.03

---

Definitions:

Alienation

Not feeling in control and not feeling a part of a situation. This often results in a lack of self-realization and a feeling ofpowerlessness and hopelessness

Emile Durkheim

A French sociologist best known for his foundational work on social theory, who explored the complex relationship between individuals and society.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critical analysis of capitalism and his influence on the development of socialist thought.

Common Method

A widely accepted or utilized technique or approach within a specific field or discipline for achieving certain objectives or results.