Financial Math Fall Final Unit 2 Calculations Review

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.

Front

If a car costs $76,000 and a 20% down payment is made, how much is the down payment?

Back

$15,200

Front

How do you calculate the amount to finance after a down payment?

Back

Amount to finance = Total cost - Down payment.

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.

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

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.

Front

How do you calculate total medical expenses?

Back

Total medical expenses = (Number of visits x Copay) + Cost of additional treatments.

Front

If Anna had 7 doctor visits with a $20 copay, an x-ray costing $350, and a cast costing $120, what were her total medical expenses?

Back

$610

Front

What is a health insurance premium?

Back

A health insurance premium is the amount paid for an insurance policy, typically on a monthly basis.

Front

If Kirito pays half of a $500 premium and Asuna pays $600, how much does Kirito pay in total for health insurance premiums in a year?

Back

$10,200