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Use the following information to answer the question(s) below.
Dagny Taggart has just purchased a home and taken out a $400,000 mortgage.The mortgage has a 30-year term with monthly payments and has an APR of 5.4%.
-The total amount of interest that Dagny will pay during the first month of her mortgage is closest to:
Actual Authority
Authority given to an agent expressly or by implication.
Estoppel
An equitable remedy that stops a party from trying to establish a position or deny something that, if allowed, would create an injustice.
Ratification
The action of officially approving or confirming an agreement or act, making it valid.
Apparent Authority
Authority as suggested to a third party by the conduct of a principal; may exist even when there is no actual authority.
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