Personal Finance Final Review

Personal Finance Final Review

12th Grade

31 Qs

quiz-placeholder

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Personal Finance Final Review

Personal Finance Final Review

Assessment

Quiz

Mathematics

12th Grade

Medium

CCSS
7.EE.B.3, 7.RP.A.3, 6.RP.A.3C

+6

Standards-aligned

Created by

Sergio Contreras

Used 3+ times

FREE Resource

31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

gross income

net income

direct deposit

salary

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Number of weekly pay periods in one year.

12

52

48

26

Tags

CCSS.6.RP.A.3B

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The number of biweekly pay periods in one year.

24

26

12

52

Tags

CCSS.6.EE.B.6

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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