Unit 2 Lessons 1 & 2 Review

To find the amount of the down payment when given a percentage, you would....

• Multiply the percentage (as a decimal) by the cost of the item.

• Divide the percentage (as a decimal) by the cost of the item.

• Add the percentage (as a decimal) to the cost of the item.

• Subtract the percentage (as a decimal) from the cost of the item.

Tags

CCSS.6.RP.A.3C

You make 20 monthly payments of $50.50, to find the sum of the monthly payments, you would...

• Add 20 and $50.50

• Subtract 20 from $50.50

• Multiply 20 and $50.50

• Divide $50.50 by 20

Tags

CCSS.7.EE.B.3

What is another name for a finance charge?

• Down Payment

• Monthly Payments

• Interest

• APR

Tags

CCSS.7.RP.A.3

Faith is taking an $8,100, 2.5 year loan, with an APR of 3.22%. How would you find the monthly payment for the loan?

• Use the monthly payment table.

• Use the monthly payment formula.

• Use the Payday APR formula

• Multiply 8100, 2.5 and 0.0322

Faith is taking an $8,100, 2.5 year loan, with an APR of 3.22%. What is her monthly payment for this loan?

Faith is taking an $8,100, 2.5 year loan, with an APR of 3.22%. What is the Principal?

Tags

CCSS.7.RP.A.3

Faith is taking an $8,100, 2.5 year loan, with an APR of 3.22%. What is the total of her monthly payments for this loan?

Faith is taking an $8,100, 2.5 year loan, with an APR of 3.22%. How would you find the total of her monthly payments for this loan?

• Multiply her monthly payment amount by 30.

• Multiply her monthly payment amount by 2.5

• Multiply her monthly payment amount from $8,100

• Multiply her monthly payment amount by 3.22.

Faith is taking an $8,100, 2.5 year loan, with an APR of 3.22%. What is the rate?

• 0.0322

• 0.322

• 3.22

• .032

Tags

CCSS.7.RP.A.3

• 30 months

• 24 1/2 months

• 29 months