Use the Information for the Question(s) Below

question 62

Multiple Choice

Use the information for the question(s) below.
You are purchasing a new home and need to borrow $250,000 from a mortgage lender. The mortgage lender quotes you a rate of 6.25% APR for a 30-year fixed rate mortgage. The mortgage lender also tells you that if you are willing to pay 2 points, they can offer you a lower rate of 6.0% APR for a 30-year fixed rate mortgage. One point is equal to 1% of the loan value. So if you take the lower rate and pay the points you will need to borrow an additional $5,000 to cover points you are paying the lender.
-Assuming you pay the points and borrow from the mortgage lender at 6.00%,then your monthly mortgage payment (with payments made at the end of the month) will be closest to:

• A) $1,540
• B) $1,530
• C) $1,570
• D) $1,500

Comprehend the impact of internal and external recruitment on an organization's dynamism and employee morale.

Understand the significance and challenges of nepotism in executive search practices.

Recognize the role of recruiters in attracting applicants and influencing their decision-making process.

Assess the relationship between employee referral programs and employee turnover rates.

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Definitions:

Price Level

An index that measures the average of the prices over a range of products and services, reflecting the cost of living or inflation.

Real Wage

This is the purchasing power of a person's earnings, considering the effects of inflation on buying goods and services.

Expected Price Level

The average price level for goods and services anticipated by individuals and organizations, affecting consumption and investment decisions.

Actual Price Level

The current general price of goods and services in an economy at a particular time.