Calculate the Amount of Monthly Payment for Principal and Interest

question 196

Multiple Choice

Calculate the amount of monthly payment for principal and interest for a $250,000 home with 20 percent down and a 7.5 percent,30-year loan.The payment per $1,000 debt under these terms is $6.9921.

• A)$1,748
• B)$1,573
• C)$1,398
• D)$349

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Definitions:

Nozzle

A device designed to control the direction or characteristics of a fluid flow (such as water or gas) as it exits an enclosure.

Reticular Activating System

A network of nerves in the brainstem that plays a key role in controlling arousal, wakefulness, and the transition between sleep and wakefulness.

Consciousness

The state of being awake and aware of one's surroundings, sensations, thoughts, and feelings.

Alertness

The state of being watchful and aware of one's surroundings, often taken as an indicator of cognitive function or consciousness level.