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QUESTION 22 Jagger has a car loan payment of $325 per month, a mortgage on his condo of $1700 per month, and he is on
QUESTION 22 Jagger has a car loan payment of $325 per month, a mortgage on his condo of $1700 per month, and he is on a monthly payment plan to pay off his GAP Store Credit card at $75 per month. His income as a junior accountant in a small firm is $45,000 annually. What is Jagger's DTI? 100% 56% 46% 4.66% QUESTION 23 A good credit rating would be based on all the following criteria EXCEPT whether you a. have little or 11o current debt. O b.have used credit appropriately in the past. c can afford to take on more credit. d. use credit for regular expenses e. have a record of paying what you owe on time, QUESTION 24 Certificates of Deposit pay a higher price for liquidity but require a time commitment. True False QUESTION 25 Risks to a lender include default risk interest rate risk Both Interest Rate Risk and Default Risk None of these QUESTION 26 The highest possible credit score is. QUESTION 27 All of the following include the Five C's of credit except O Capacity O Charcter O Cash O Collateral
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