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

question 64

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%.
-The total amount of principal that Dagny will pay during the first month of her mortgage is closest to:

• A)$246.
• B)$446.
• C)$1800.
• D)$2245.

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Definitions:

Biased Toward Actions

A tendency to favor taking action or to be inclined towards doing something rather than inaction.

Current Costs

The present-day costs of goods and services, not adjusted for inflation.

Logrolling

The practice of exchanging favors, especially in politics by reciprocal voting for each other's proposed legislation.

Vote Trading

The practice of exchanging votes among legislators to achieve a desired outcome on specific bills or policies.