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Name: Homework 14

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Instructions:  

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Question 1   Multiple Choice (1.0000 points)
  Question: What is the minimum downpayment required for a property appraised and selling for $51,700 if FHA 203b financing is used?
 
    $3,475
$0
$2,085
$2,475
none of the above
 

 
Question 2   Multiple Choice (1.0000 points)
  Question: What should you pay for a sandwich lease for ten years which rents for $800 per month and which you would pay $300 per month if you wished to earn 12% on your investment?
 
    20,910
2,825
$55,760
34,850
none of the above
 

 
Question 3   Multiple Choice (1.0000 points)
  Question: Which of the following monthly payment to monthly income ratios would normally be preferred by a residential lender?
 
    75%
35%
65%
25%
 

 
Question 4   Multiple Choice (1.0000 points)
  Question: Which of the following provides the least risk to lenders:
 
    conventional loans
FHA loans
take-out loans
30-year home loans
all of the above have equal risk
 

 
Question 5   Multiple Choice (1.0000 points)
  Question: You purchase a property for $120,000 today. You expect the property to increase in value by 8% annually. How much are you projecting that the property will be worth at the end of your 12 year holding period?
 
    $302,180
$235,200
$120,000
$47,654