7. Which is NOT principle of evaluating real estate loans the lender should consider? (A)...
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7. Which is NOT principle of evaluating real estate loans the lender should consider? (A) down payment of house price; (B) income of loan applicant; (C) perspective of real estate markets; (D) both (A) and (B); (E) none of the above. 8. According to discount rate method for consumer lending, a borrower asks for $3,600 for a year with an interest rate of 6% to purchase some furniture. What is the effective interest rate for this loan? (A) 13.6%; (B) 6.8%; (C) 6.4%; (D) 6.2%; (E) 6.0%
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