Shiva Transferred His Mortgage of $145 981 from CIBC to BMO

question 107

Multiple Choice

Shiva transferred his mortgage of $145 981 from CIBC to BMO for the remaining amortization period at 3.59% compounded semi-annually. He has agreed to pay rounded up payment of $2000 every month. How long will it take Shiva to pay-off his mortgage?

• A) 6 years 11 months
• B) 6 years 1 months
• C) 8 years
• D) 6 years 6 months
• E) 10 years

---

Definitions:

Auscultatory Gap

A period where no sound is heard in the systolic phase during blood pressure measurement, which can lead to an underestimation of systolic pressure.

Korotkoff Sounds

The sounds a healthcare provider listens for when measuring blood pressure with a sphygmomanometer and stethoscope.

Glass Thermometer

A device used to measure temperature, typically filled with mercury or alcohol, which expands and contracts inside a calibrated glass tube.

Afebrile

The absence of fever, indicating a normal body temperature.