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Purchasing a New Car

Authored by Ryan Boyd

Business, Life Skills, Other

9th - 12th Grade

Used 24+ times

Purchasing a New Car
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8 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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The base price of the car you wish to purchase is $21,478.00 and has a destination charge of $270.00 and the option package you chose is $1,248.00. What would be your total purchase price?

$22,726.00

$22,996.00

$21,478.00

$21,748.00

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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James paid $27,745.00 for his new pickup truck. What is the total price of the truck if he finances it at an interest rate of 4.5% for 4 years?

$31,284.72

$28,993.53

$32,739.12

$29,269.37

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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What is the total amount you would pay for a new car if the monthly payments are $315.00 for 4 years?

$15,120.00

$1,260.00

$16,734.00

$13,278.00

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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Taylor wants to take out a simple interest loan on a new car in the amount of $18,765. The interest rate is 6.5% for 5 years. How much will he pay in interest during the term of the loan?

$6,908.65

$1,219.73

$6,098.65

$1,291.73

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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How much would you have to finance on your new SUV that costs $32,995.00 if you paid 20% down?

$30,436.00

$32,995.00

$6,599.00

$26,396.00

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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Jim’s new $25,000.00 car depreciated 15% in the first year. What is the new value of the car?

$28,283.00

$21,250.00

$20,015.00

$10,000.00

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

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Tina’s new $19,000.00 truck depreciated 20% the first year and 10% the second year. What is the value of the truck at the end of the second year?

$15,200.00

$13,300.00

$15,770.00

$13,680.00

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