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:

Bodily Changes

Physiological or physical alterations in the body that can occur due to various factors including emotion, health conditions, or environmental influences.

Thalamus

A structure in the brain that relays sensory and motor signals to the cerebral cortex, playing a key role in consciousness and sleep.

Amygdala

A part of the brain involved in processing emotions, fear, and pleasure responses.

Cortex

The outermost layer of the brain, involved in high-level functions such as cognition, sensory perception, and motor control.