How Many Monthly Payments Remain to Be Paid on an 8

question 69

Multiple Choice

How many monthly payments remain to be paid on an 8% compounded monthly mortgage with a 30-year amortization and monthly payments of $733.76, when the balance reaches one-half of the $100,000 mortgage?

• A)approximately 268 payments
• B)approximately 180 payments
• C)approximately 91 payments
• D)approximately 68 payments

---

Definitions:

Ethnic Categories

Classifications of individuals into groups based on shared cultural, linguistic, or ancestral characteristics.

Colourblindness

Refers to a range of genetic conditions where the affected individuals are unable to see colors in the normal way.

White Privilege

The societal privileges that benefit white people over non-white people in some societies, often without being aware of it.

Racial Prejudice

Preconceived negative judgments or opinions about individuals based solely on their racial or ethnic backgrounds.