Math IV Ch 4 Review

Ch 4.1: Find the maximum amount of rent $18.00 per hour

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Ch 4.3 Down Payment

A house is sold for $92,000, the buyer pays a down payment of 18%. Find the down payment amount.

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Jill has been renting for 5 years. She wants to buy her own home. She works full time at $21.80 per hour. How much can she afford to borrow for a house?

• $109,000

• $1,133.60

• $109

• $43,600

Ch 4.4 Paying the Mortgage

The amount of monthly mortgage payment depends on which of the following?

• Principal

• Interest

• Taxes/Insurance

Ch 4.1 Paying the Rent

How much could you afford to rent if you made $23.25 per hour?

• $2,325

• $930

• $1,209

• $11,625

Ch 4.5 Homeowner's Insurance

If you have a lot of expensive possessions, what percent of those items are covered?

• 100%

• 20-40%

• 50-70%

• 50%

Ch 4.1 Renting an Apartment

When renting what is the maximum amount you can borrow if you make $1,235 every 2 weeks?

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A typical mortgage is how many years?

• 15-20

• 10-25

• 30-40

• 15-30

If you get paid bi-weekly, how many paychecks do you earn a year?

Ch 4.5 Homeowner's Insurance

Which of the following ARE COVERED by homeowner's insurance?

(select all that apply)

• Fire

• Poor home maintenance

• Lightning

• Vandalism

• Tornadoes