Suppose That You Want to Purchase a Home for $225,000 }">$\text { cellpadding="0" cellspacing="0" align }=\text { "center" width=" } 99 \% \text { " border="1"> }$

question 192

Multiple Choice

Suppose that you want to purchase a home for $225,000 with a 20-year mortgage at 12% interest. Suppose that you can put 10% down. Use the table and determine the amount of the down payment, the amount to be financed, the monthly payments, the total amount of interest, and the necessary monthly income for you to be able to afford this loan. }">$\text { cellpadding="0" cellspacing="0" align }=\text { "center" width=" } 99 \% \text { " border="1"> }$

$\text { Monthly Cost to Finance } \$ 1,000$

$\begin{array}{lrcrc} & {\text { Number of Years Financed }} \\\text { Rate of } & 5 \text { Years } & 10 \text { Years } & 20 \text { Years } & 30 \text { Years } \\\text { Interest } & \mathrm{N}=60 & \mathrm{~N}=120 & \mathrm{~N}=240 & \mathrm{~N}=360 \\6.0 \% & & & & \\7.0 \% & 19.33 & 11.10 & 7.16 & 6.00 \\8.0 \% & 19.80 & 11.61 & 7.75 & 6.65 \\9.0 \% & 20.28 & 12.13 & 8.36 & 7.34 \\10.0 \% & 20.76 & 12.67 & 9.00 & 8.05 \\11.0 \% & 21.25 & 13.22 & 9.65 & 8.78 \\12.0 \% & 21.74 & 13.77 & 10.32 & 9.52 \\& 22.24 & 14.35 & 11.01 & 10.29\end{array}$

• A) down payment=$22,500; financed=$202,500; monthly payments=$2,229.53; total interest=$332,586; monthly income=$8,422.65
• B) down payment=$22,500; financed=$247,500; monthly payments=$2,724.98; total interest=$406,494; monthly income=$5,339.85
• C) down payment=$22,500; financed=$247,500; monthly payments=$2,724.98; total interest=$406,494; monthly income=$7,569.38
• D) down payment=$22,500; financed=$225,000; monthly payments=$2,477.25; total interest=$369,540; monthly income=$6,881.25
• E) down payment=$22,500; financed=$202,500; monthly payments=$2,229.53; total interest=$332,586; monthly income=$6,193.13

Comprehend the evolutionary basis of personality traits and mating preferences.

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Understand the application and ethical considerations of genetic counseling and engineering.

Understand the principles of linear programming including decision variables, objective functions, and constraints.

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