Owning or Renting a Home 6-1,6-2,6-3

Owning or Renting a Home 6-1,6-2,6-3

12th Grade

17 Qs

quiz-placeholder

Similar activities

PFL-Eco Unit 1-2 Review

PFL-Eco Unit 1-2 Review

12th Grade

16 Qs

Review Chapter 7- sections 6-9

Review Chapter 7- sections 6-9

12th Grade

17 Qs

Retirement Accounts

Retirement Accounts

12th Grade

15 Qs

Basic Accounting Concepts

Basic Accounting Concepts

9th - 12th Grade

13 Qs

Financial Allocation and Decision Making

Financial Allocation and Decision Making

12th Grade

17 Qs

Understanding Credit Cards

Understanding Credit Cards

12th Grade

15 Qs

Filing Your Taxes

Filing Your Taxes

12th Grade

19 Qs

Owning or Renting a Home 6-1,6-2,6-3

Owning or Renting a Home 6-1,6-2,6-3

Assessment

Quiz

Financial Education

12th Grade

Practice Problem

Medium

Created by

Moniereh Anvari

Used 13+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Principal of a mortgage loan is the .......

down payment minus the purchase price.

purchase price minus the down payment.

purchase price plus the down payment.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is most important factor that determines the value of a home?

Size

Look

Age

Location

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A down payment is a percentage of the total cost of a house paid at the time of purchase.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is responsible for establishing property tax rates?

Local tax departments

State tax departments

Federal tax departments

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anna wants to buy a home priced at $67,000. She will need to make a down payment of 15% and estimates closing costs of 2.8% of the purchase price. What amount will Anna need for the down payment ?

$1,876

$10,050

$11,321

$2,245

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anna wants to buy a home priced at $67,000. She will need to make a down payment of 15% and estimates closing costs of 2.8% of the purchase price. What amount will Anna need for the closing cost?

$1,876

$10,050

$11,321

$2,245

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jason buys a condominium for $96,200. He makes a 5% down payment, and pays these closing costs: property survey, $315; insect inspection, $190; legal fees, $525; and title insurance,$225. What is the total cash amount(down payment +closing cost) needed to buy the condominium?

$6,876

$9,050

$6,065

$5,245

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?