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Front

What is a comprehensive deductible in auto insurance?

Back

The amount you must pay out of pocket for repairs before your insurance covers the rest, specifically for non-collision incidents like theft or hail damage.

Front

How do you calculate the total cost of purchasing multiple items with sales tax?

Back

Multiply the price of each item by the quantity to get the subtotal, then multiply the subtotal by the sales tax rate (as a decimal) and add it to the subtotal.

Front

What is the formula to determine how many items can be purchased within a budget?

Back

Divide the total budget by the price of each item, including any applicable taxes.

Front

What does full coverage auto insurance typically include?

Back

It usually includes both collision and comprehensive coverage, protecting against damages to your vehicle from accidents and non-collision incidents.

Front

What is a fixed-rate loan?

Back

A loan where the interest rate remains the same throughout the term, resulting in consistent monthly payments.

Front

What is the advantage of a fixed-rate loan compared to a variable-rate loan?

Back

The monthly payment does not change, providing stability in budgeting.

Front

How do you determine the smallest fraction among several options?

Back

Convert each fraction to a decimal or find a common denominator to compare their values.

Front

What is the significance of a deductible in insurance policies?

Back

It is the amount you are responsible for paying before your insurance coverage kicks in.

Front

What is the difference between collision and comprehensive coverage in auto insurance?

Back

Collision coverage pays for damages to your vehicle from an accident, while comprehensive coverage pays for damages from non-collision events like theft or natural disasters.

Front

How do you calculate the total cost of an item including sales tax?

Back

Total Cost = Item Price + (Item Price x Sales Tax Rate).