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Regina studied three types of mortgage loans, a graduated payment loan, a conventional loan, and an adjustable rate loan. Use the table to answer the questions.
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1			What is the difference between the interest rates of the three types of loans?
			A)	All three have the same interest rate.
			B)	Each of the three loans has a different interest rate.
			C)	The graduated payment loan and the conventional loan have the same interest rate.
			D)	The adjustable rate loan and the conventional loan have the same interest rate.
2			How much more is your house payment at the end of the adjustable rate loan compared to the initial payment?
			A)	$325.50
			B)	$386.60
			C)	$340.66
			D)	It is the same amount.
3			If you plan to sell the house in a year or two, why is it not always a good idea to have a graduated payment loan?
			A)	A larger amount of your payment is applied to the principal.
			B)	A smaller amount of your payment is applied to the principal.
			C)	The initial payment is too high.
			D)	The interest rate is too low.
4			If you plan to remain in your house for the full 30 years, which loan would save the most money in that time period?
			A)	Graduated payment loan
			B)	Conventional loan
			C)	Adjustable rate loan
			D)	Both A and B
5			If you plan to move and sell your house after two years, which loan would have the lowest payments for those two years?
			A)	Graduated payment loan
			B)	Conventional loan
			C)	Adjustable rate loan
			D)	Both A and B
6			How is the amount of the total payments calculated?
			A)	Add the amount of the loan to the total interest paid.
			B)	Add the amount of the loan to the total payments.
			C)	Subtract the amount of the loan from the total interest paid.
			D)	Subtract the amount of the loan from the total interest paid and add to the total payments.
7			Which loan has different initial and final monthly payments?
			A)	Graduated payment loan
			B)	Conventional loan
			C)	Adjustable rate loan
			D)	Both A and C
8			Which loan has the lowest total interest paid over the 30 year term?
			A)	Graduated payment loan
			B)	Conventional loan
			C)	Adjustable rate loan
			D)	Both A and B
9			Which loan has the highest initial monthly payment?
			A)	Graduated payment loan
			B)	Conventional loan
			C)	Adjustable rate loan
			D)	Both B and C
10			Which loan has the highest total payments for borrowing the money for 30 years?
			A)	Graduated payment loan
			B)	Conventional loan
			C)	Adjustable rate loan
			D)	Both A and B