If a Fully Amortizing 30-Year Fixed Rate Mortgage Was Originally

question 25

Multiple Choice

If a fully amortizing 30-year fixed rate mortgage was originally taken at $200,000,but now has a balance of $50,385,how many more monthly payments will it take before it will be paid off?

• A)45 months
• B)51 months
• C)55 months
• D)90 months

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.