FIN 580 FIN580 Week 3 Quiz Answers (2018)
FIN 580 FIN580 Week 3 Quiz Answers (2018)
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Keller FIN 580 Week 3 Quiz Answers
1. (TCO C) _____ is not a liquid asset.
2. (TCO C) Higher interest rates on certificates of deposit are associated with
3. (TCO C) Advantages of buying a used car rather than a new car include
4. (TCO C) Jackie is in the 28% marginal tax bracket and has no other itemized deductions except those related to her home. If her standard deduction is $4,750 and she incurs the following costs related to housing, how much tax savings will she receive as a result of her home purchase?
Mortgage interest $14,000
Principal repayment $800
Homeowner's insurance $1,000
Real estate taxes $4,000
Homeowner's association fees $1,200
Principal repayment $800
Homeowner's insurance $1,000
Real estate taxes $4,000
Homeowner's association fees $1,200
5. (TCO C) A lender will usually require a loan-to-value ratio of _____ or less for you to avoid having to pay private mortgage insurance (PMI).
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