Use the Information for the Question(s)below

question 33

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 two 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 $5000 to cover points you are paying the lender.
-Assuming you do not pay the points and borrow from the mortgage lender at 6.25%,then your monthly mortgage payment (with payments made at the end of the month) will be closest to:

• A)$1570
• B)$1530
• C)$1540
• D)$1500

Grasp the significance of tailor-made benefits for different subgroups within the audience.

Understand the importance of providing detailed benefits to readers based on their familiarity with the topic.

Identify the optimal number of benefits to brainstorm for each persuasive message.

Recognize the characteristics of effective reader benefits.

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Definitions:

Company

A legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.

Collective Mark

A trademark or service mark used by members of a collective group to identify the services or goods they provide with a certain level of quality or accuracy.

Certification Mark

A symbol, word, or phrase legally registered or established by use as representing a company or product's certification of quality, accuracy, or origin.

Service Mark

A symbol, word, or phrase legally registered or established by use as representing a company or product in the service sector.