Use Estimation to Select the Best Response

question 164

Multiple Choice

Use estimation to select the best response. Do not calculate. A $147,000 30-year loan at 10% + 0.5 point + $200 would have total fees of about __________.

• A) $15,000
• B) $1,300
• C) $750
• D) $950
• E) $18,000

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Definitions:

Major Depressive Disorder

Major Depressive Disorder is a mental condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest in activities, significantly affecting daily functioning.

Anergia

A state of reduced energy or enthusiasm, often seen in depressive conditions.

Anhedonia

The inability to feel pleasure in normally pleasurable activities, often a symptom of depression or other mental health disorders.

Psychomotor Retardation

A slowing-down of thought and a reduction of physical movements in an individual, often observed in major depressive disorders.