FP 101 Final Results - FP/101FinalExam User:9023153373...

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FP/101 Final Exam User: 9023153373 First Name: KAYLA Last Name: SUTTON Confirmation #: 18245346 Score: 63.33 Total Questions: 30 Total Correct: 19 Start: 8/7/2011 4:30:47 PM End: 8/7/2011 5:13:35 PM Here is some additional information on items missed: Topic: Question: Which of the following statements is true of adjustable-rate mortgages? Answer: The interest rate changes on ARMs are limited per year and per lifetime. Key Terms: Adjustable-rate mortgages Topic: Question: Which of the following is true about interest rates? Answer: Mortgage lenders will often allow you to pay discount points to reduce your loan interest rate Key Terms: Interest rates Topic: Question: Which type of lease makes you responsible for any difference between the actual and estimated depreciation on the car you lease? Answer: open-end lease Key Terms: Open-end lease Topic: Question: Which two ratios are most commonly used by mortgage lenders to evaluate the ability to pay a mortgage loan?
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FP 101 Final Results - FP/101FinalExam User:9023153373...

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