Amortization Practice

A house costs $350,000. Carlos wants to get a mortgage that has a 3.5% interest rate, and the term is 30 years. What is his monthly payment?

• $1,517.66

• $10,208.66

• $12,201.52

• $1,020.83

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.A.2

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

CCSS.HSF.LE.A.1

CCSS.HSN.Q.A.1

CCSS.HSA.SSE.B.4

Alexander wants to buy a $485,000 house that has a 4% interest rate, and the term is 30 years. What is his monthly payment?

• $229.16

• $2,315.46

• $16,166.79

• $17,015.38

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.REI.A.2

CCSS.HSF.LE.A.2

CCSS.HSF.LE.A.1

CCSS.HSN.Q.A.1

Branden wants to buy a $190,000 house that has a 8.5% interest rate, and the term is 20 years. What is his monthly payment?

• $1,460.94

• $13,458.33

• $1,345.83

• $1,648.86

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.REI.A.1

Najashi wants to buy a $650,000 house that has a 2.25% interest rate, and the term is 25 years. What is his monthly payment?

• $283.48

• $2,834.85

• $12,233.98

• $2,484.60

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.REI.A.1

CCSS.HSF.BF.A.1

Isabela wants to buy a $399,000 house that has a 4.95% interest rate, and the term is 15 years. What is her monthly payment

• $16,470.15

• $3,073.95

• $3,144.88

• $2,129.74

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.REI.A.2

CCSS.HSF.LE.A.2

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

The purchase amount is immediately removed from a linked account.

• Debit Card

• Credit Card

• Stored-Value Card

Tags

CCSS.6.NS.C.5

Payments can be made in the future.

• Debit Card

• Credit Card

• Stored Value Card

The amount in the account

• Balance

• Budget

• Interest

• Financial systems

Tags

CCSS.7.RP.A.3

Using a person's own money is physical form.

• Credit Cards

• Cash

• Debit Cards

• Online Banking

Tags

CCSS.6.NS.B.3

Apple pay is a form of ___.

• cash

• electronic transfer

• cheque

• installment

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5