Which of the Following Mortgages Has the Highest Monthly Payment

question 31

Multiple Choice

Which of the following mortgages has the highest monthly payment?

• A) 15-year, 6 percent
• B) 15-year, 8 percent
• C) 25-year, 6 percent
• D) 25-year, 8 percent
• E) Insufficient information.

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Definitions:

Maslow Hierarchy

Maslow's hierarchy is a psychological theory proposed by Abraham Maslow, outlining a five-tier model of human needs, from basic physiological needs to self-actualization, influencing motivation and behavior.

Safety

Being safeguarded against or not prone to danger, risk, or injury.

Self-actualization

The realization or fulfilment of one's talents and potentialities, considered as a drive or need present in everyone.

Social

Relating to society or its organization; involving the gathering of individuals or communities in a structured interaction.