A Lender Offers You a Fixed-Rate Mortgage for $145,000 at 6

question 14

Multiple Choice

A lender offers you a fixed-rate mortgage for $145,000 at 6% for 30 years,monthly payments,with 2.625 discount points.What is the APR for this loan?

• A) 6.17%
• B) 9.75%
• C) 6.25%
• D) 8.625%
• E) none of the above

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Definitions:

Learned Helplessness

Learned Helplessness is a condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.

Minor Stressors

Small daily challenges or difficulties that can accumulate and potentially impact a person's emotional and physical health.

Biopsychosocial Factors

Variables that combine biological, psychological, and social elements influencing an individual's health and behavior.

Anxiety Disorder

A category of mental health diagnoses that leads to excessive nervousness, fear, apprehension, and worry.