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

---

Definitions:

Feminist Perspective

An approach that examines social, economic, and political inequality between genders from a critical standpoint advocating for gender equality.

Sexual Frustration

Feelings of dissatisfaction stemming from an unfulfilled desire for sexual activity or intimacy.

Sexually Restrictive

Practices or policies that significantly limit individuals' sexual behavior, expression, or identity.

Sexual Deprivation

A state in which an individual's sexual needs and desires are not fulfilled, leading to various degrees of emotional or physical distress.