Use the Following Information to Answer the Question(s)below

question 68

Multiple Choice

Use the following information to answer the question(s) below.
Dagny Taggart has just purchased a home and taken out a $400,000 mortgage.The mortgage has a 30-year term with monthly payments and has an APR of 5.4%.
-Dagny's monthly payments are closest to:

• A)$1110.
• B)$1800.
• C)$2215.
• D)$2245.

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Definitions:

Mumbai

A major metropolitan city in India, known for its financial, commercial, and entertainment industries, as well as its diverse population and vibrant culture.

Urban Density

Concentration of people in a city, measured by the total number of people per square mile.

Georg Simmel

A German sociologist and philosopher who contributed to the foundations of sociology and the study of social forms and interactions.

City Dwellers

Individuals who live in urban areas characterized by high population density and vast human features in comparison to areas surrounding it.