Use Estimation to Select the Best Response

question 66

Multiple Choice

Use estimation to select the best response. Do not calculate. A $49,000 30-year loan at
10% + 2 points + $150 origination fee
Would have a fee for points of approximately

• A) $450
• B) $1,150
• C) $5,000
• D) $1,000
• __________ (A, B, C or D)

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Definitions:

Owners

Individuals or entities that legally possess an item, property, or business, holding the rights to control, use, and dispose of it.

Stockholders

Individuals or entities that own shares in a corporation, giving them ownership stakes and sometimes the right to vote on corporate matters.

Social Responsibility

The idea that businesses should contribute to the welfare of society and not be solely focused on maximizing profits.

Stakeholder Responsibility

The obligation of organizations to consider the interests and well-being of all individuals or groups affected by their actions.