Roxy Is Buying a House and the Mortgage Terms Are

question 90

Multiple Choice

Roxy is buying a house and the mortgage terms are 30 years,monthly payments.If the interest rate is 7% (APR) ,the loan is $300,000 loan,what is the amount of the interest in the fifth payment?

• A) $1995.90
• B) $1425.64
• C) $1744.21
• D) $ 139.65

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Definitions:

Cooperative Group Life

Activities and interactions within a group that promote mutual help, shared responsibilities, and collective efforts towards common objectives.

Social Isolation

The state of being separated from others and lacking a sense of social belonging or fulfillment.

Two Degrees Of Separation

The concept that there are only two intermediary relationships or steps in the social network that separates any two individuals.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.