Calculate the Amount of Monthly Payment for Principal and Interest

question 203

Multiple Choice

Calculate the amount of monthly payment for principal and interest for a $195,000,8 percent,25-year loan.The payment per $1,000 debt under these terms is $7.7182.

• A)$933
• B)$1,214
• C)$1,300
• D)$1,505

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Definitions:

LDL Cholesterol

Low-density lipoprotein cholesterol, often referred to as "bad" cholesterol, associated with an increased risk of heart disease.

Triglycerides

A type of fat found in the blood, used by the body for energy, and considered important for health, yet high levels can increase the risk of heart disease.

Blood Sugar

The concentration of glucose present in the blood, crucial for energy production in the body.

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, often measured for diagnosis since it is related to the force and rate of the heartbeat and the diameter and elasticity of the arterial walls.