Ben recently paid off his school loans and is looking to buy a home. He has qualified for an APR of 5.2% and plans on making payments for the next 15 years. He anticipates he can afford a monthly payment of $660.00. How much of a mortgage can Ben afford?

A) $60,000
B) $82,371
C) $87,440
D) $91,000
E) None of the above

Answer: B

Business

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Philip Morris bought Miller Brewing and launched low-calorie beer, at a time when consumers had the impression that low-calorie beer does not taste as good as normal beer. What does the company assure by stating that the beer tastes good?

A) points-of-difference B) points-of-presence C) points-of-parity D) points-of-conflict E) points-of-inflection

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