
Financial Algebra Chapter 7 Independent Living
Authored by Sherryl Proctor
Other
10th Grade
Used 4+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The length of a room is 18 feet. If the floor plan scale of 1/3 inch = 2 feet, then the length of the room on the floor plan is.....
3
4.5
9
6
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Jacob has been approved for a $220,000, 30 year mortgage with an APR of 5.55%. What will be his total interest for the 30 years?
1256.05
611.11
1016.50
10175,00
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Maria is building a regular octagon gazebo. The length of one side is 3 feet, and the apothem is 3.5 feet. What is the area that Gretchen will be refinishing?
42 square feet
42 feet
10.5 square feet
5.25 square feet
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Tanner owns a condominium where he pays $2700 in maintenance fees. If 17% of his fees go toward real estate tax, how much did he pay in real estate taxes?
$17
$459
$549
$449
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The Brownings have a monthly mortgage payment of $854. They also pay a semi-annual tax bill of $680, and a semi annual insurance bill of $340. The taxes and insurance are paid monthly into an escrow account at the bank. What is their monthly payment?
$854
$1024
$1874
$930
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Ben was approved for a $150,000 mortgage with 10% down payment and an APR of 4.3%. He is closing on May 5 (May has 31 days). How much interest does he pay at closing?
15.90
413.40
223.27
548.02
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Joey has been approved for a $300,000 15 year mortgage with an APR of 4.5%. How much of their first monthly payment will go to interest?
13,500
1125.00
1594.00
984.00
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