Financial Math Fall Final Unit 2 Calculations Review
Flashcard
•
Mathematics, Other
•
9th - 12th Grade
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a down payment?
Back
A down payment is an initial upfront payment made when purchasing a large item, typically expressed as a percentage of the total purchase price.
2.
FLASHCARD QUESTION
Front
If a car costs $76,000 and a 20% down payment is made, how much is the down payment?
Back
$15,200
3.
FLASHCARD QUESTION
Front
How do you calculate the amount to finance after a down payment?
Back
Amount to finance = Total cost - Down payment.
4.
FLASHCARD QUESTION
Front
What is the total move-in cost when renting an apartment?
Back
Total move-in cost includes application fees, security deposits, and the first and last month's rent.
5.
FLASHCARD QUESTION
Front
If the application fee is $25, the security deposit is $300, and the first and last month's rent is $650 each, what is the total move-in cost?
Back
$1,625
6.
FLASHCARD QUESTION
Front
What is a copay in health insurance?
Back
A copay is a fixed amount paid by a patient for a specific medical service, usually at the time of the visit.
7.
FLASHCARD QUESTION
Front
How do you calculate total medical expenses?
Back
Total medical expenses = (Number of visits x Copay) + Cost of additional treatments.
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