Amortization Trial
Authored by Philip Brown
Mathematics
12th Grade
CCSS covered
Used 1+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nothing, she did it right.
She calculated how much the interest and principal was combined.
She calculated the amount for the duration of the loan as though no payments were made.
She should have used 0.52 not 0.052.
2.
FILL IN THE BLANK QUESTION
30 sec • 2 pts
What will her monthly payment be?
3.
OPEN ENDED QUESTION
30 sec • 1 pt
Fill out the amortization table below for Rebecca’s loan. Turn this in.
Evaluate responses using AI:
OFF
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
JD is serving tables at Denny’s and receives a payment of $123.45, which is the original bill plus an 18% tip. What was the original bill?
$104.61
$104.62
$104.60
$101.22
$101.23
Tags
CCSS.7.RP.A.3
5.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
The average student loan debt for a public university is $38,000. The average interest rate is 6.63% interest. If you borrowed $38,000 at the 6.63% monthly interest for 30 years, what would your monthly payments be?
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