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Which ratio(s) will lenders generally consider when deciding whether or not to give you a mortgage loan? b. Emergency Fund Ratio c. 28% and 36%

  1. Which ratio(s) will lenders generally consider when deciding whether or not to give you a mortgage loan?

b. Emergency Fund Ratio

c. 28% and 36% Ratros

d. Savings Ratio

e. 50% Ratio

f. Wage Replacement Ratio

2.A deposit of $10,000 saved in a CD for 1 years compounded at 3% daily will be worth (select the closest answer)

a. $10,000

b. $10,302.

c. $10,305.

d. $10,310.

e. $10,315.

3.A lump sum deposit of $8,000 left in the bank for 1 year at 9% compounded annually will result in an ending balance of (select the closest answer)

a. $8,270.

b. $8,520.

c. $8,720.

d. $8,820

e. $8,000.

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