Financial Algebra Chapter 4 test
Authored by Luke Marvulli
Mathematics
12th Grade
CCSS covered
Used 33+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jacob Gomez is buying a $245,000 home. He has been approved for a 6.0% APR mortgage. He was required to make a 20% down payment.
How much is the loan amount for?
Tags
CCSS.HSA.CED.A.1
CCSS.HSN.Q.A.1
CCSS.HSA.CED.A.2
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jacob Gomez is buying a $245,000 home. He has been approved for a 6.0% APR mortgage. He was required to make a 20% down payment
How much interest will he pay in one year?
Tags
CCSS.HSA.REI.B.3
CCSS.HSF.BF.A.1
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Veronica Trevino has been approved for a $525,000, 30 year mortgage with an APR of 4.0%
How much will her monthly mortgage payment be? (hint: use Monthly Mortgage payment formula on the board)
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSA.APR.D.6
CCSS.HSF.LE.A.2
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Veronica Trevino has been approved for a $525,000, 30 mortgage with an APR of 3.5%
How much money will she pay in one year?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
CCSS.HSN.Q.A.1
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Veronica Trevino has been approved for a $525,000, 30 year mortgage with an APR of 4.0%
How much money will she pay in 30 years?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
CCSS.HSN.Q.A.1
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Veronica Trevino has been approved for a $525,000, 30 year mortgage with an APR of 4.0%
How much interest will she pay after 30 years?
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
CCSS.HSA.SSE.B.4
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The assessed value of Sherman house is $625,000. The annual property tax rate is 1.75% of the assessed value.
What is the property tax on their home?
Tags
CCSS.6.EE.B.6
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