Business Math and Financial Math Final Practice

A monthly report that compares the amount that you have spent to the amounts that you have budgeted

• budget
• emergency fund
• expense summery
• fixed expenses

A plan for using money in a way that meets your wants and needs.

• budget
• principal
• term
• balance
• Option 3

A portion of the cash price of an item you are purchasing which you can pay before financing an item with an installment loan

• installment loan
• down payment
• amount financed
• promissory note

The fixed amount of money earned on a regular basis.

• annually
• expenditures
• reconcile
• salary

Tags

CCSS.HSF.LE.B.5

Keeping track of items you spend money on during a period of time, to help you manage your money.

• sales tax
• Comparison shopping
• recordkeeping
• premium

An index showing the cost of borrowing money on a yearly basis, expressed as percent.

• Ordinary interest
• APR
• down payment
• maturity value

Tags

CCSS.7.RP.A.3

Extra money that is set aside to be used for unpredictable expenses, such as medical bills, vehicle repairs

• budget
• emergency fund
• expense summery
• fixed expenses

The markdown expressed as a percent of the regular selling price of the item

• unit pricing
• wholesale
• markdown rate
• commission

Tags

CCSS.6.RP.A.3C

The amount of money you have left after your employer subtracts all tax withholdings an personal deductions from your gross pay, also called net income or take-home pay

• net pay
• flat tax
• check
• straight commission

To compare your check register with your bank statement to make sure they agree

• balance
• check
• debit
• reconcile