Math of Finance Semester Review.

You want to buy a house that is valued at $215,000. You are putting 15% down. What is the down payment? What is the loan amount?

• 15; 214985

• 3225; 211,775

• 32,250; 182,750

• 107,500; 107500

The Lawrences consider purchasing a new home for $224,000. A 10% down payment is required. What is the amount of the mortgage loan needed to finance the purchase?

• $22,400

• $171,360.00

• $179,200.00

• $201,600.00

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?

• $10,937.50

• $12,983.25

• $109,375

• $15,360.69

What is the total cost of a home with a 15 year mortgage with a monthly payment of $2,161.20?

• $389,016

• $778,032

• $25,934.40

• $32,418

Mrs. Ray is buying some groceries.  They total to $35.50.  Sales tax is 4.5%.  When she goes to pay, how much will she owe?

• $1.60

• $37.10

• $40.00

• $51.48

Daniel has dinner at a restaurant and the cost of his meal is $28.00. Because of the service, he wants to leave a 20% tip. What is his total bill including tip?

• 33.60

• 40.00

• 24.60

• 30.50

Sam bought an $85.00 jacket for 40% off of the regular price.  How much did he pay for the jacket? 

• 75

• 51

• 36

• isaiah

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

Jake drove 12,568 miles in his car last year. His fixed costs totaled $1485, and his variable costs totaled $2,015.75. What was his cost per mile?

• $0.44

• $0.29

• $0.31

• $0.28

Use the partial budget sheet shown below to determine the Klines' total monthly fixed expenses.

• $1,835

• $1,685

• $1,535

• $458.75