The difference between the monthly payments on a $120,000 home at 6 ½% and at 8% for 25 years is (use the table in the handbook) :
A) $81.12
B) $151.02
C) $115.20
D) $91.12
E) None of these
Correct Answer:
Verified
Q3: Graduated payments let the borrower pay more
Q6: Banks cannot provide amortization schedules to borrowers.
Q7: A variable rate mortgage is always fixed.
Q14: The amount of the down payment one
Q20: The major portion of the monthly payment
Q24: Joe Jay purchased a new colonial home
Q25: Stu Reese has a $150,000 7 ½%
Q31: Bill Moore took out an $80,000 mortgage
Q32: Lizzy Clar bought a home for $160,000,
Q40: A variable rate mortgage means:
A)The interest rate
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