How Many Monthly Payments Remain to Be Paid on an 8

question 59

Multiple Choice

How many monthly payments remain to be paid on an 8% 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 92 payments
• D) Approximately 68 payments

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Definitions:

Laissez-Faire Leadership

A leadership style characterized by low participation of the leader in decision-making, giving team members significant freedom in how they complete tasks.

Transformational Leadership

A leadership approach that causes change in individuals and social systems, inspiring followers to exceed their own self-interests for the good of the group or organization.

Direct Opposition

A situation where two forces or ideas are completely against each other, showing no compatibility or agreement.

Autocratic Styles

Leadership approaches characterized by individual control over all decisions and little input from group members.