Personal Finance Final Review
Quiz
•
Mathematics
•
12th Grade
•
Medium
+6
Standards-aligned
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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