The difference between the monthly payments on a $120,000 home at 6 1/2% 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
Q31: Bill Moore took out an $80,000 mortgage
Q32: Lizzy Clar bought a home for $160,000,
Q33: Ben Brown bought a home for $225,000.
Q34: Abby's monthly payment is $781.60 per month.
Q35: Points represent:
A)2% of the amount of the
Q37: Bill's monthly payment is $1,056 per month.
Q38: Megan Mei is charged 2 points on
Q39: Graduated payments result in the borrower paying:
A)More
Q40: A variable rate mortgage means:
A)The interest rate
Q41: Match the following terms with their definitions.
-Graduated
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