CHP 4 (Financial Literacy Quiz)

What is the average transaction price for a new compact hybrid car?

• $20,453

• $33,262

• $27,595

• $28,739

What are the variable costs in cents per mile for a medium sedan?

• $0.0912

• $0.0918

• $0.1187

• $0.1243

What is the estimated monthly cost of raising a child from birth to 17 years old in the South region for a middle-income group?

• $264,090

• $232,050

• $366,360

• $175,290

What is the average annual cost of tuition and fees for a public 4-year out-of-state student?

• $22,610

• $49,750

• $38,670

• $13,760

What is the monthly mortgage payment for a $200,000 loan amount at 5% interest rate?

• $2,012

• $1,663

• $1,834

• $1,074

What is the total cost per mile for a full-size SUV?

• $0.6524

• $0.6664

• $0.7720

• $0.8370

What is the estimated monthly cost of food at home for a couple and 2 school-age children on a moderate-cost plan?

• $893.00

• $1,899.00

• $2,270.00

• $1,066.20

What is the average monthly rent for a two-bedroom unit in Seattle, WA?

• $1,899.00

• $1,039.00

• $2,270.00

• $903.00

What is the monthly payment as a percentage of income for a first-time homebuyer with a qualifying income of $51,408 and a monthly payment of $587?

• 25%

• 20%

• 30%

• 15%

What is the average annual cost of college for a private nonprofit 4-year institution?

• $38,670

• $22,610

• $13,760

• $49,750