You Are Considering Purchasing a New Home

question 49

Multiple Choice

You are considering purchasing a new home.You will need to borrow $250,000 to purchase the home.A mortgage company offers you a 15-year fixed rate mortgage (180 months) at 9% APR (0.75% month) .If you borrow the money from this mortgage company,your monthly mortgage payment will be closest to:

• A)$2585.
• B)$660.
• C)$2535.
• D)$1390.

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Definitions:

Inconsistent

Lacking in uniformity; displaying variations that often contradict each other.

Unsystematic

Lacking method or system in organization or in the execution of something, leading to unpredictability or disorder.

Personality Theorists

Researchers or theorists who study and analyze the patterns of thoughts, feelings, and behaviors that make a person unique.

Karen Horney

A psychoanalyst known for her theory of neurotic needs and for challenging some of Freud's theories, especially those concerning women.