Unit 8 Loans
Authored by Amanda Taylor
Mathematics
12th Grade
CCSS covered
Used 23+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A chart that shows the distribution of interest and principal over the life of the loan.
Repayment Schedule
Interest
Principal
payment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You borrow money and pay it back in equal monthly payments with interest.
Interest
Principal
Simple Interest Installment Loan
Repayment Schedule
Tags
CCSS.8.EE.C.7B
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money that you agree to pay toward your loan each month.
Principal
Interest
Final Payment
Monthly Payment
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the interest rate that you are paying in interest per year on your loan.
Interest
Simple Interest Installment Loan
Principal
Annual Percentage Rate (APR)
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan that pay off in multiple equal payment over a predetermined period of time.
Simple Interest Installment Loan
Down Payment
Amount Financed
Installment Loan
Tags
CCSS.8.EE.C.7B
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A portion of the cash price of the item you are purchasing that you pay when you purchase the item.
Amount Financed
Installment Loan
Down Payment
Principal
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The portion of the cash price that you owe after you pay the down payment.
Amount Financed/Principal
Down Payment
Installment Loan
Interest
Tags
CCSS.7.RP.A.3
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