You Want to Borrow $200,000 at 7

question 7

Multiple Choice

You want to borrow $200,000 at 7.5% annual interest. If you assume a 15-year loan the monthly payment will be ________ as compared to _________ if you assume a 30-year.

• A) $1,105.32; $923.65
• B) $1,847.16; $1,361.27
• C) $1,060.17; $1,927.01
• D) $1,854.02: $1,398.43
• E) $1,863.14; $1,401.11

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Definitions:

Body Language

Non-verbal communication through gestures, expressions, and body movements that convey messages and emotions.

Self-confidence

A belief in one's abilities and judgment.

Psychological Climate

The shared perceptions and attitudes of members within a group or organization regarding the psychological environment or ambiance.

Patterns of Employment

The trends and arrangements in job types, durations, and conditions across a workforce or sector.