Maria Hernandez Purchased a Home for $100,000 and Made a Down

question 84

Multiple Choice

Maria Hernandez purchased a home for $100,000 and made a down payment of $30,000. The balance was financed for 25 years at an annual interest rate of 8%. Find the monthly mortgage payment.

• A) $916.27
• B) $551.47
• C) $540.27
• D) $280.27
• E) $690.27

---

Definitions:

Dominant Allele

An allele that expresses its phenotypic effect even when heterozygous with a recessive allele.

Recessive Allele

A variant of a gene that must be inherited from both parents in order to manifest its trait, as opposed to a dominant allele where only one copy is needed for expression.

Heterozygous Individuals

Organisms that have two different alleles for a given gene, resulting in genetic variation.