Question 1 2.5 pts Three properties (Property, A, B, and C) surround the property (Property D) you would like to purchase. Property A is 1,000 square feet and sold for $200,000, Property B is 1,400 square feet and sold for $265,000, and Property C is 1,200 and sold for $230,000. If Property D is 1300 square feet, what is an estimate for the cost of Property D using the average per-square-foot approach? 0 246,113 247,501 0 251,746 O 321,750 Question 2 2.86 pts Regarding the amount of money borrowed on a loan, all of the following are true except O you should borrow slightly more than you need to cover future inflation. O you will have to pay interest. O you should only borrow the amount you need. the amount is based on how much the lender believes you can pay back in the future. Which of the following the maximum credit utilization rate that should be used: O 70 Depends on the credit card issuer O 30 O 100 n Question 4 2.86 pts In comparing credit cards to other forms of credit, which of the following is false? O A home equity loan is a way of combining credit card and other debt. Credit cards are generally the most expensive form of credit. Credit cards can be viewed as a source of funds or income. You should pay the most expensive debt off first. Question 5 2.86 pts What is the FICO credit score range? to 100 to 850 O 300 to 850