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

question 5

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 three months of her mortgage is closest to:

• A)$1340.
• B)$1345.
• C)$5395.
• D)$6740.

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Definitions:

Belleville Breviary

is a medieval illuminated manuscript created by Jean Pucelle in the early 14th century, consisting of prayers and religious texts for the Divine Office.

Illuminated

Adorned with lights or colors, often used to describe manuscripts enhanced with gold or silver and vivid illustrations.

Blanche of Castile

The Queen of France as the wife of Louis VIII and acted as regent during the minority of her son, Louis IX, known for her political sagacity and patronage of the arts.

Psalter of Saint Louis

This term refers to a medieval illuminated manuscript containing psalms and other religious texts, associated with Saint Louis (Louis IX of France), known for its artistic and historical significance.