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:

Surrogacy

An arrangement wherein a woman agrees to carry and deliver a child for another person or couple, whom will become the child's parent(s) after birth.

Chromosomal Abnormalities

Variations or mutations in the number or structure of chromosomes, often leading to genetic disorders.

Fertilizing Ova

The process of a sperm cell penetrating an ovum (egg cell), resulting in the fertilization and the beginning of embryonic development.

Injecting Sperm

A procedure typically part of assisted reproductive technology where sperm is directly inserted into a woman's reproductive tract.