If You Have a $150,000 30-Year 5% Mortgage, How Much

question 36

Multiple Choice

If you have a $150,000 30-year 5% mortgage, how much of your first monthly payment of $805.50 would go toward principal?

• A) $180.50
• B) $625.00
• C) $665.28
• D) $805.50
• E) $7,500.00

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Definitions:

Ambulatory Care Program

A healthcare service provided to patients who are not admitted to the hospital and can walk (ambulate), including clinics and day surgery centers.

Health Promotion Activities

Interventions or actions aimed at enhancing the health and well-being of individuals or communities through education, policy-making, and environmental changes.

Risk Appraisal

The process of evaluating the potential risks involved in a particular situation or for a specific individual.

Lifestyle Choices

Pertains to decisions made by individuals or households about their daily habits and practices that impact their health and well-being.