You Recently Bought a House for $357 000

question 29

Multiple Choice

You recently bought a house for $357 000. You put 20% of your own money into it, and borrowed the rest. Assuming interest is charged at 0.29% per month and you plan to take 30 years to pay off the mortgage, your monthly mortgage payment is closest to:

• A)$1 299.22
• B)$1 279.29
• C)$319.82
• D)$1 599.11

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Definitions:

Adler's

Pertaining to Alfred Adler's theories, focusing on the importance of feelings of inferiority and the drive for superiority in the development of personality.

Restroom

A public facility containing toilets and sinks for use by the general public or customers.

Ego

According to Freud, the psychological force that employs reason and operates in accordance with the reality principle.

Fixation

In psychoanalytic theory, an obsessive focus or attachment to a stage of development, object, or person.