Question 60 (4 points) Saved If you have a $198,000 30-year 5% mortgage, how much of your first monthly payment of $1,064.25 would go toward interest? a) $825.00 O b) $877.80 c)$239.25 d) $1,064.25 Question 48 (8 points) Match the appropriate description for each financial planning term listed Impartial third party to resolve a difference between two parties through discussion and negotiation. The settlement of a difference by a third party whose decision is legally binding. Deposit with the lending financial institution, for the payment of property taxes and homeowner's insurance. 6 1. Arbitration The reduction of a loan balance through payments made over a period of time. 49 Class-Action Suit 2. 3. Mediation Settles legal differences