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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%
- 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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