If a Person Is Going to Borrow $360,000 for a Home

question 84

Multiple Choice

If a person is going to borrow $360,000 for a home and pay it off with a constant mortgage payment every month for 30 years, what do you know about their mortgage payment (if the interest rate is positive) ?

• A)Nothing.
• B)The payment is more than $1,000 per month.
• C)The payment is exactly than $1,000 per month.
• D)The payment is less than $1,000 per month.

---

Definitions:

Orbicularis Oculi

A circular muscle that surrounds the eyelid, allowing it to close or blink.

Masseter

A facial muscle that plays a major role in the chewing of food by raising the lower jaw towards the upper jaw.

Quadriceps Femoris

The quadriceps femoris is a group of four muscles located at the front of the thigh, responsible for extending the knee and stabilizing the patella.

Anterior Thigh

The anterior thigh refers to the front part of the thigh, encompassing muscles like the quadriceps, which are responsible for knee extension.