If the inflation rate is 5% and the interest rate you get on your savings is 3%, will your savings have at least as much buying power in a year's time? yes no Question 18 (0.5 points) When providing services to clients, financial professionals have the responsibility to supply payment options bank statements credit counseling accurate information Which of the following will help lower the cost of a house? Paying off the mortgage over a long period of time Making a smaller down payment at the time of purchase Agreeing to pay the current rate of interest on the mortgage for as many years as possible Making a larger down payment at the time of purchase If you had a savings account at a bank, which of the following statements would be correct concerning the interest that you would earn on this account? 1.Sales tax may be charged on the interest that you earn 2.You cannot earn interest until you pass your 18th birthday 3.Earnings from savings account interest may not be taxed 4.Income tax may be charged on the interest if your income is high enough 3 and 4