8. Given a mortgage of $48,000 for 15 years with a rate of 11%,what are the total finance charges?

A. $50,236.80 B. $5,023.68C. $545.76 D. $54,576 E. None ofthese

5. Given: $140.10 per month; cash price $5,600; down payment $0Cash or trade months with bank approved credit; amount financed$5,600 Finance charge $2,806 Total payments $8,406 (Use the tablesin the handbook.) The APR by table lookup is:

A. 17.25% - 17.50 % B. 17.00 %C. 16.75 % D. 16.50 % E. None ofthese

10. Jen purchased a condo in Naples, Florida, for $699,000. Sheput 20% down and financed the rest at 5% for 35 years. What areJen's total finance charges?

A. $457,425.60 B. $606,823.20C. $626,863.20 D. $600,000.00 E.None of these