Hugh Akston Took Out a 30-Year Mortgage with an EAR

question 15

Multiple Choice

Hugh Akston took out a 30-year mortgage with an EAR of 5.9%.If Hugh borrowed $300,000 to buy his home,then his monthly payment will be closest to:

• A)$835.
• B)$1750.
• C)$1780.
• D)$10,240.

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Definitions:

Immersion

Deep mental involvement in a particular activity or subject, or the act of being physically submerged in a liquid.

Dual Language Learning

The process by which individuals learn two languages simultaneously or learn a second language while continuing to develop their first language.

Bilingualism

The capacity to fluently communicate and comprehend two languages.

Dual Language Learning

The acquisition of two languages simultaneously, often starting from an early age, and leading to bilingualism.