Business Management- Math

Business Management- Math

10th - 12th Grade

15 Qs

quiz-placeholder

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Business Management- Math

Business Management- Math

Assessment

Quiz

Business

10th - 12th Grade

Medium

CCSS
6.RP.A.3C, 6.G.A.4, 7.RP.A.3

Standards-aligned

Created by

Quinn Huddle

Used 4+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Liz and Rob purchased a house for $565,000. They put 20% down on the house. What was their down payment?

$113,000

$452,000

$11,300

$553,700

Tags

CCSS.6.RP.A.3C

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Marcus and Kenya purchased a house for $325,000. They put 15% down on the house. What is their mortgage amount?

$48,750

$276,250

$32,500

$292,500

Tags

CCSS.6.RP.A.3C

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jen Sue got a $275,000 mortgage for 25 years at 6.0%. How much will the monthly mortgage payment be?

$1,688.50

$1,856.25

$1,650

$1,771

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The loan a person gets to purchase a house or a condominium is called a __________.

principal loan

interest term loan

P&I loan

mortgage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term is used to describe money paid to the owner of a home?

Euros

Rent

Mortgage

Interest Payments

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When renting a home, what term refers to the owner of the home?

Boss

Coach

Tenant

Landlord

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

fee charged by a lender for the use of borrowed money; expressed as a percentage of the amount borrowed

Closing

Interest

Inflation

Credit History

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