Use the Real Estate Amortization Table to Find the Monthly

question 73

Multiple Choice

Use the real estate amortization table to find the monthly payment for the loan.
-What is the monthly payment on a 20-year loan of $57,600 if the annual interest rate is 8%?

• A)$550.66
• B)$499.97
• C)$482.11
• D)$464.26

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Definitions:

Emergent Leader

An individual who naturally comes to be recognized as a leader by peers within a group due to their actions, decisions, and influence rather than formal appointment.

Legitimate Leader

An individual who holds a leadership position that is recognized and accepted by followers as rightful and lawful based on established rules or standards.

Assigned Leader

A person who is officially designated to hold a leadership position within an organization, often based on authority and responsibility given by the organization's hierarchy.

Coercive Leader

A leadership style characterized by the use of threats, punishment, and control to influence the behavior of followers.