8. (03.02 HC) Jim and Jennifer have excellent credit, and they purchased property with a mortgage. However, they experienced financial difficulty and have not made any payment in
over six months. Which of the following is the most probable consequence of Jim and Jennifer's late payment? (5 points)

The credit report administration will cancel their credit.

The bank will decrease the interest rate on the loan.

Their debt-to-credit ratio will decrease.

The bank will repossess the property.

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%