Single Payment & Installment Loans
Quiz
•
Mathematics
•
11th - 12th Grade
•
Hard
+3
Standards-aligned
Lauren McAnany
Used 57+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The _______ is the portion of the cash price that is owed on an item after making the down payment.
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.CED.A.4
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A(n) ______ _______ is a portion of the cash price of an item that has to be paid before financing the rest on credit
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
______ ________ is interest on a loan calculated by basing the time of the loan on a 365-day year
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A(n) _______ ________ is the payment on a simple interest loan that consists of the remaining balance plus the current month's interest
Tags
CCSS.HSA.SSE.A.1
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A(n) ______ _______ is a loan repaid in equal payments over a specified period of time
Tags
CCSS.HSA.SSE.B.4
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The _______ _______ is the total amount that must be repaid on a loan, including the principal borrowed and the interest owed
Tags
CCSS.HSA.SSE.A.1
CCSS.HSA.SSE.B.4
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
_______ _______ is interest on a loan calculated by basing the time of the loan on a 360-day year
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