Destinys monthly income is $15,000, of which she brings home $12,000 after all taxes and deductions. According to the common rule-of-thumb used by lenders, what is the maximum amount of Destinys monthly payments that should not be exceeded on all debts?

		$3,000
		$3,360
		$4,320
		$5,400

Morgans monthly income is $10,000, of which she brings home $7,000 after all taxes and deductions. According to the common rule-of-thumb used by lenders, what is the maximum amount Morgans consumer debt payments should not exceed?

		$1,050
		$1,500
		$1,960
		$3,600

Robert and Jennifer are looking to refinance their $400,000 mortgage. Which of the following mortgages will allow them to pay the smallest monthly payment this year if they all charge a 5% interest rate?

		30-year standard mortgage
		30-year biweekly mortgage
		30-year balloon mortgage
		30-year adjustable rate mortgage

Chase, age 26, is just beginning his career as a computer analysts after completing graduate school. He is engaged and planning to purchase a home soon after marrying his college sweetheart. His life stage is somewhat typical for someone in the _____ life stage.

		1
		2
		3
		4

Which of the following are appropriate investments for Logans emergency fund assets?

I Checking account

II Money market accounts

III Short-term certificates of deposit

IV U.S. Treasury bills

		I and III only
		II and IV only
		II and III only
		I, II, III, and IV