Your Real Estate Agent Mentions That Homes in Your Price

question 21

Multiple Choice

Your real estate agent mentions that homes in your price range require a payment of $1,200 per month for 30 years at 0.75% interest per month.What is the size of the mortgage with these terms?

• A) $128,035.05
• B) $147,940.29
• C) $149,138.24
• D) $393,120.03

---

Definitions:

Income Redistribution

The transfer of income, wealth, or resources from some individuals to others by means of a social policy or mechanism.

Special-Interest Issue

Matters that are of specific concern to a particular group or sector, affecting them directly.

Well-Organized Interest Group

A group of individuals or entities that is efficiently structured to promote and achieve specific common interests or goals.

Political Corruption

The abuse of public power, office, or resources by government officials for personal gain.