Sherry Smart Is Buying a $350,000 Home and Will Pay

question 58

Multiple Choice

Sherry Smart is buying a $350,000 home and will pay the mortgage monthly for 30 years. She has a good credit score and has qualified for a 5.125% loan interest. How much will she be paying monthly for the home?

• A) $2,013.67
• B) $1,572.72
• C) $1,318.69
• D) $975.88

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Definitions:

Rounded Pebbles

Small, smooth rocks that have been eroded and smoothed over time by water or other natural forces.

Shells

Shells are hard, protective outer layers created by animals, particularly mollusks such as snails, oysters, and clams, as a form of protection or body support.

Well Sorted

A condition of sedimentary particles that display a narrow range of sizes due to the action of transport and deposition processes.

Cross-bedding

A geological feature that forms as inclined layers of sediment are deposited across a horizontal surface, indicating ancient water or wind flows.