You Put 20% Down on a Home with a Purchase

question 76

Multiple Choice

You put 20% down on a home with a purchase price of $150,000,or $30,000.The remaining balance will be $120,000.A bank will loan you this remaining balance at 4.375% APR.You will make monthly payments with a 20-year payment schedule.What is the monthly annuity payment under this schedule?

• A)$751.11
• B)$830.53
• C)$910.12
• D)$5,250.18

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Definitions:

Breech Presentation

A position in which the fetus enters the birth canal buttocks first.

Non-Rapid Eye Movement Sleep

A phase of sleep that includes everything other than REM sleep, characterized by slower brain waves and reduced eye movement.

Bonding

The process of forming bonds of attachment between parent and child.

Second Stage of Childbirth

The phase during labor when the mother actively pushes to deliver the baby through the birth canal.