1. Explain three steps involve in credit decision process.
2. Explain the types of risk that can treat financial institution.
3. You believe you will spend $40,000 a year for 20 years once you retire in 40 years. If the interest rate is 6% per year, how much must you save each year until retirement to meet your retirement goal? (Do not round intermediate calculations. Round your answer to 2 decimal places.)