A Client Has a First Mortgage of $175,000 at 5

question 360

Multiple Choice

A client has a first mortgage of $175,000 at 5.8% and a second mortgage of $25,000 at 6.7%. What is the average rate of mortgage that the client pays?

• A) 5.9%
• B) 6.3%
• C) 6.5%
• D) 6%
• E) 6.2%

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Definitions:

American Meal

A traditional eating pattern in the United States that often includes a protein source, vegetables, and a starch.

National Identity

A sense of belonging and identity tied to a nation or country, encompassing shared culture, traditions, language, and history.

Autonomy Morals

Principles that emphasize the importance of self-governance and making ethical decisions based on one's own values.

Divinity Morals

Moral principles or values that are believed to be derived from or dictated by a divine power or religious beliefs.