Amortization Calculations

Amortization Calculations

9th - 12th Grade

6 Qs

quiz-placeholder

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Amortization Calculations

Amortization Calculations

Assessment

Quiz

Mathematics

9th - 12th Grade

Practice Problem

Hard

Created by

KYLA NAULT

Used 3+ times

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6 questions

Show all answers

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