Personal Finance Final Review

Your total pay, including overtime, before all your deductions are taken.

• gross income

• net income

• direct deposit

• salary

Number of weekly pay periods in one year.

• 12

• 52

• 48

• 26

Tags

CCSS.6.RP.A.3B

The number of biweekly pay periods in one year.

• 24

• 26

• 12

• 52

Tags

CCSS.6.EE.B.6

The Martins pay a monthly mortgage payment of $938. They also pay a semi-annual property tax bill of $1,230.96 and semi-annual homeowner's insurance of $840. The property tax and insurance are paid monthly into an escrow account to their lender. What is their monthly payment to their lender?

• $1,283.16

• $1,518.60

• $1,627.67

• $1,672.60

Tags

CCSS.7.EE.B.3

Angela has a monthly gross income of $3,000 and her expenses are $1,200. What is her back-end ratio?

Back-end ratio = All monthly expenses/Monthly gross income.

• 25%

• 30%

• 40%

• 45%

Garrett and Erin are borrowing $170,000 to purchase a new home. They have been approved for a 30-year loan with an interest rate of 5.75%. What will be their monthly payment?

• $965.24

• $990.00

• $992.07

• $1,087.33

Ben and Jane have been approved for a $220,000 loan, 30-year mortgage with an APR of 5.82%. Their monthly payment is $1,293.66. What is the total interest they will pay over 30 years?

Total Interest = monthly payment x 12 x years - principal.

• 25,717.60

• $38,809.80

• 245,717.60

• $465,717.60

The money a buyer must pay up front in cash is called __________________.

• Mortgage

• Principal

• Down payment

What is the IQR of the of the students scores?

• 62
• 75
• 40
• 30

What was the last price of IBM today?

• $160.70

• $155.00

• $158.20

• $164.20