Calculate the Monthly Payment Due on a 30-Year, Fixed-Rate, $80,000

question 53

Multiple Choice

Calculate the monthly payment due on a 30-year, fixed-rate, $80,000 mortgage if the quoted interest rate is 6%. Round your answer to the nearest cent.

• A)$479.64
• B)$287.83
• C)$581.19
• D)$133.31

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Definitions:

Fibrinogen

A soluble plasma glycoprotein that is converted by thrombin into fibrin during blood clotting, playing a critical role in wound healing.

Small Cut

typically refers to a minor laceration or incision on the skin's surface.

Allergic Reaction

An abnormal immune response to a typically harmless substance, characterized by symptoms like sneezing, itching, and swelling.

Parasitic Infestation

The state of being invaded or inhabited by parasites, which rely on their host for sustenance while contributing nothing and often causing harm.