You Have Just Taken a $110,000 FRM at 8% for 30

question 29

Multiple Choice

You have just taken a $110,000 FRM at 8% for 30 years,monthly payments.You know that your APR is 8.214% but you cannot remember how many discount points you paid.If you had $550 in financing fees other than discount points,the points you paid were:

• A) $2,200 or 2 points
• B) $2,245 or 2.04 points
• C) $1,650 or 1.50 points
• D) $1,695 or 1.54 points
• E) none of the above

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Definitions:

Neo-Freudian

Pertains to theories and psychologists who accepted the basic tenets of Freud's psychoanalysis but adapted and expanded upon them in various ways.

Unconscious

The unconscious mind consists of processes in the mind that occur automatically and are not available to introspection, influencing behaviors and feelings.

Childhood Experiences

Events and influences occurring during early life stages that significantly impact an individual's development and personality.

Anal Character

Anal character refers to a personality type in Freudian psychoanalysis that results from a fixation at the anal stage, typically characterized by orderliness, stubbornness, and a focus on control.