How Many Monthly Payments Remain to Be Paid on an 8

question 69

Multiple Choice

How many monthly payments remain to be paid on an 8% compounded monthly mortgage with a 30-year amortization and monthly payments of $733.76, when the balance reaches one-half of the $100,000 mortgage?

• A)approximately 268 payments
• B)approximately 180 payments
• C)approximately 91 payments
• D)approximately 68 payments

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Definitions:

Blind Pane

Refers to the quadrant in the Johari Window model that represents information unknown to oneself but known to others.

Personality Traits

Enduring characteristics that describe an individual's behavior, mindset, and emotional patterns.

Self-Disclose

The act of revealing personal information, feelings, or experiences to others in the context of building trust or intimacy.

Sense Of Identity

The awareness and understanding of one's unique characteristics, values, and affiliations, which define who they are as individuals.