1. The statements below compute simple interest on various mortgages. Which statements are true? Select all that apply. A - 1.3% on $230,000 mortgage is $299,000
B - 2.9% on a $114,000 mortgage is $33,060
C - 3.5% on a $142,000 mortgage is $4,970
D - 4.9% on $157,000 mortgage is $7,693
E - 5.1% on a $135,000 mortgage is $68,850

2. What is the simple interest on a $198,562 mortgage at 3.99%?

A - $4,976.49
B - $7,922.62
C - $49,764.91
D - $79,226.24

3. Maria takes out a $135,000 mortgage at 4.9% and plans to pay it back in 15 years. Her monthly payment is $1,061. What proportion of the total loan payments Maria makes goes to interest?

A - 29.31%
B - 41.47%
C - 58.53%
D - 70.69%

4. Monica is making her first monthly payment of $1,247 towards a $235,000 mortgage. Of that payment, $288 goes towards principal. What percent of the initial principal did Monica pay off with her first payment?

A - 0.1%
B - 0.4%
C - 12%
D - 23%