If $120,000 Is Borrowed for a Home Mortgage, to Be

question 53

Multiple Choice

If $120,000 is borrowed for a home mortgage, to be repaid at 9% interest over 30 years with monthly payments of $965.55, how much interest is paid over the life of the loan?

• A) $120,000
• B) $162,000
• C) $181,458
• D)$227,598

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Definitions:

Output Unlatch

A control command or instruction that turns off or disables a previously engaged (latched) output in a PLC program or control system.

OTL

An "Output Latch" instruction in programming that sets an output to a high state until explicitly reset.

Output Empty

Indicates that a system or module has no current output signals or data to send, possibly standing by for new instructions or input.