In which decade did the number of failures

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Reference no: EM131332906

1. In which decade did the number of failures (of commercial banks and thrifts) per year average more than 100?

a. 1930s

b. 1960s

c. 1980s

d. 1990s

2. Given the following information about a fully amortizing loan, calculate the lender’s yield (rounded to the nearest tenth of a percent). Loan amount: $166,950, Term: 30 years, Interest rate: 8 %, Monthly Payment: $1,225.00, Discount.

A.7.7%

B. 8.0%

C. 8.2 %

D.10.0 %

3. Given the following information, calculate the effective borrowing cost (rounded to the nearest tenth of a percent). Loan amount: $166,950, Term: 30 years, Interest rate: 8 %, Monthly Payment: $1,225.00, Discount points: 2, Other Closing Expenses: $3,611.

A. 7.7%

B. 8.2%

C. 8.5%

D. 9.1%

Reference no: EM131332906

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