Choose ONE of the following topics and USER YOUR OWN WORDS t…

Choose ONE of the following topics and USER YOUR OWN WORDS to write a brief summary (a sentence or two) on the topic. 5 points will be given for a correct and mathematically significant statement. DO NOT USE FANCY LANGUAGE OR DICTIONARY DEFINITIONS YOU MAY FIND ON THE INTERNET. KEEP YOUR WORDS AT THE LEVEL OF THIS COURSE.  Then, you can pick ONE extra topic FROM THIS SAME LIST for 5 bonus points.  (1) expected value (2) linear vs. exponential growth (3) musical scales and harmony (4) apportionment methods by Hamilton and Jefferson Use the response box below. You do not have to use any mathematical notation or symbols. 

The following options are available for a mortgage:  [Option…

The following options are available for a mortgage:  [Option 1] 30-year mortgage with monthly payments of $2018.60. [Option 2] 15-year mortgage with monthly payments of $3070.20.  How much will you save overall (for the term of the mortgage) by choosing Option 2 (the shorter loan) compared to Option 1? Write ONLY your answer(s) in the box below. On your own paper, show all your work and justify your answer(s). You will be submitting the paper at the end of this test.