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

question 28

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 interest that Dagny will pay during the first three months of her mortgage is closest to:

• A)$1345.
• B)$5380.
• C)$5395.
• D)$6740.

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Definitions:

Motorcycle Gang

An organized group of motorcyclists who may partake in activities ranging from community events to illegal operations.

Insurance Company

An organization that provides insurance policies to subscribers, covering a range of risks in exchange for premiums.

Fire

A rapid oxidation process that generates heat, light, and various reaction products, often used for energy or seen as a risk for damage.

Notify

To formally inform or give notice to someone about an event, decision, or action that concerns them or requires their attention.