How Much Interest Would Aleem Save If He Paid Off

question 64

Multiple Choice

How much interest would Aleem save if he paid off his mortgage over 15 years instead of 30 years? His mortgage is $100 000 at six percent interest calculated semi-annually.

• A)$64 111
• B)$107 069
• C)$58 297
• D)$62 959

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Definitions:

Inconsistency

The lack of steadiness and uniformity in actions, values, or outcomes, leading to unpredictability or variability.

Self-Service Technology

Technology that allows consumers to produce services independent of direct service employee involvement.

Inconsistency

The lack of uniformity or reliability in actions, values, or results.

Day-To-Day Job Performance

The daily execution of tasks and responsibilities by an individual at their place of work.