Which One of the Following Financing Terms Will Provide the Lowest

question 70

Multiple Choice

Which one of the following financing terms will provide the lowest monthly payment for a fixed-rate $175,000 mortgage? (No calculations are required.)

• A) 10-year, 5.5 percent
• B) 10-year, 6.0 percent
• C) 15-year, 5.5 percent
• D) 15-year, 6.0 percent
• E) 30-year, 5.5 percent

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Definitions:

Subsequent Episodes

Later occurrences or episodes of a condition or illness that happen after the initial episode.

Prevalence

The proportion of a population found to have a particular condition at a specific time.

Mania

A state of abnormally elevated arousal, mood, or energy levels, often associated with bipolar disorder.

Monoamines

Neurotransmitters, including catecholamines (epinephrine, norepinephrine, and dopamine) and serotonin, that have been implicated in the mood disorders.