Amortization Calculations
9th - 12th Grade
•6 Qs
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Amortization Calculations
Quiz
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
KYLA NAULT
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6 questions
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1.
MATH RESPONSE QUESTION
2 mins • 1 pt
Calculate a monthly payment for a $1000 loan with an interest rate of 12.8% paid out over a year
Mathematical Equivalence
ON
2.
MATH RESPONSE QUESTION
2 mins • 1 pt
Calculate the monthly payment for a 5 year loan that is $8000 and has a 10.2% interest rate
Mathematical Equivalence
ON
3.
MATH RESPONSE QUESTION
2 mins • 1 pt
Calculate the monthly payment for a $15000 loan with an interest rate of 15.7% paid over 4 years
Mathematical Equivalence
ON
4.
MATH RESPONSE QUESTION
2 mins • 1 pt
Calculate a monthly payment if for over 30 years you pay off a $287,000 loan with a 4.6% interest rate
Mathematical Equivalence
ON
5.
MATH RESPONSE QUESTION
2 mins • 1 pt
Monthly payment for a loan with an interest rate of 2.8%, that is $3000 and paid off over 2 years
Mathematical Equivalence
ON
6.
MATH RESPONSE QUESTION
2 mins • 1 pt
For 10 years, a $15000 loan with an 18.7% interest rate is paid off, find the monthly payment
Mathematical Equivalence
ON
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