The three major credit bureaus

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Reference no: EM131977999

1. The three major credit bureaus:

A. may produce a different score because they calculate it differently.

B. will always produce the same score.

C. may produce a different score because the information each bureau receives on the credit applicant may vary.

D. check with each other to see that they have the same information.

2. If a property costs $1,125,000 what would the down payment be assuming you will make a minimum down payment of 5%. Once you make your down payment, the remaining amount is your mortgage amount. What is you mortgage amount?

3. Nadjia from Austria wants to make a single investment and have $100,000 after her graduation in 5 years. She did found a microfinance organization that offered her 15 percent per annum, however Nadia felt that a microfinance organization may be too risky. On the other hand, she was offered 8 per annum by a local bank. How much would Nadia have to invest in each case? what is the trade-off between her choices?

Reference no: EM131977999

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