Iwill give brainliest to whoever answers all questions correctly.
which event will have the greatest impact (positive or negative) on one's net worth after one month?
a.) buy a used car at market value for $15,000
b.) lease a $15,000 car on a 3 year lease. the monthly payment is $199 and all lease payments are required in the lease.
c.) buy a new car at market value for $15,000. car depreciates 20% upon transfer of ownership.
d.) none of these events will impact the net worth of an individual
2. if a home mortgage has a term of 15 years and a payment of $1,000, what is the loan amount? (assume that there are no interest-free mortgages)
a.) $180,000
b.) $360,000
c.) $200,000
d.) less than $180,000
3. if a home buyer puts 20% down on a $200,000 house and uses a mortgage to borrow the rest, how much will the mortgage be (excluding any closing costs)?
a.) $160,000
b.) $180,000
c.) $240,000
d.) $200,000
4. which of the following will increase your net worth the most?
a.) purchase of house valued at $150,000 with $25,000 down and a mortgage of $125,000
b.) none of these increase net worth
c.) all of these increase net worth
d.) sell a bike valued at $75 for $75 cash
e.) purchase a used car valued at $7,000 with an auto loan for $7,000
5. sub-prime lending rates are 1) than prime lending rates and are for people with credit.
a.) 1) lower 2) poor
b.) 1) higher 2) poor
c.) 2) higher 2) good
d.) 1) lower 2) good
6. which loan type isn't secured with collateral?
a.) auto loans
b.) none of the answers are correct
c.) all of the answers are correct
d.) small business loans
e.) subsidized student loans
f.) mortgages (home loans)