a. Suppose you have $5,000 saved. How much will you have in 10 years if you...

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Finance

a. Suppose you have $5,000 saved. How much will you havein 10 years if you can earn 10% on your investment?
b. Which of the following statements does NOT accuratelydescribe a line of credit?
A line of credit is already approved before the money isactually needed.
A line of credit is available immediately when needed.
A line of credit can be obtained at a credit union, savings andloan association, or bank.
A line of credit provides an alternative source of funds if anemergency does develop.
A line of credit is a long-term loan.
c. Under an FHA insured mortgage:
the lender assumes the risk of default?
no money down is required?
as little as 3% down payment is required?
first time buyers are discouraged?
all of the choices shown are correct?

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a. Suppose you have $5,000 saved. How much will you havein 10 years if you can earn 10% on your investment?b. Which of the following statements does NOT accuratelydescribe a line of credit?A line of credit is already approved before the money isactually needed.A line of credit is available immediately when needed.A line of credit can be obtained at a credit union, savings andloan association, or bank.A line of credit provides an alternative source of funds if anemergency does develop.A line of credit is a long-term loan.c. Under an FHA insured mortgage:the lender assumes the risk of default?no money down is required?as little as 3% down payment is required?first time buyers are discouraged?all of the choices shown are correct?