FINA 385 Study Guide - Quiz Guide: Debt Service Ratio, Gross Income, Net Income

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26 May 2016
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Quiz 2 sample questions covering chapters 7, 10, 13 and 14. What type of housing alternative has the advantages of fewer maintenance responsibilities and capital gains exemption upon sale: renting a house, owning a condominium, owning a new house, renting an apartment. Your rights as a tenant are protected under the consumer protection act. A lease primarily protects the landlord: i and ii, only, ii and iii, only, i and iii, only, i, ii and iii. At which stage of the home-buying process does the buyer request clarification of unclear aspects of the transaction: find and evaluate a property to purchase, price the property, obtain financing, close the purchase transaction. You (cid:271)orrow 5,000 u(cid:374)der the ho(cid:373)e buyer"s pla(cid:374). What is the (cid:373)i(cid:374)i(cid:373)u(cid:373) repay(cid:373)e(cid:374)t you (cid:272)a(cid:374) make in the third year: ,333, ,667, ,500, ,800. Credit card balance (minimum 3% monthly payment, maximum balance of ,000)