PF - Chapter 10 & 11 - Finals Review

Juanita purchased lawn furniture for $727 with 27% down. What amount did she finance?

• $600.11

• $530.71

• $510.88

• $627.84

Jackie has found a home at $210,900. Jackie will make a down payment of 15%. What is the amount of her mortgage loan?

• $123,764

• $185,000

• $180,009

• $179,265

Patti and her husband are purchasing a condominium for $123,000 with $3,000 down. What is the amount of their mortgage loan?

• $120,000

• $108,000

• $116,700

• $110,850

Spencer purchased a new riding mower for $1,989 with 15% down. What amount did he finance?

• $1,678.99

• $1,690.65

• $1,610.00

• $1,613.60

Adolfo purchased a dishwasher for $897 with 18% down. What amount did he finance?

• $791.01

• $735.54

• $766.34

• $786.12

Linda Griffith finds a home priced at $92,000. What is the amount of Griffith’s mortgage loan if a down payment of 10% is required?

• $81,800

• $82,800

• $82,500

• $81,900

Adam Wilcox is purchasing a home for $189,000. The bank is willing to finance the purchase if Wilcox can make a down payment of 1/4 of the selling price. How much money will he need for the down payment?

• $25,000

• $52,300

• $47,250

• $56,400

Rebecca purchased a new television for $767 with 20% down. What amount did she finance?

• $613.60

• $767.00

• $665.00

• $617.50

Tashka is buying a new couch for $989 with $300 down. What amount did she finance?

• $789

• $877

• $689

• $766

April obtained a 25-year, $120,000 loan, at 7.5%, $886 payment. How much of the first payment is for principal?

• $136

• $198

• $145

• $186