4-2: Loans

4-2: Loans

Assessment

Quiz

Mathematics

11th - 12th Grade

Medium

CCSS
HSF.BF.A.2, HSA.CED.A.1, HSA.SSE.A.1

+4

Standards-aligned

Created by

Kareemah Warren

Used 3+ times

FREE Resource

Student preview

quiz-placeholder

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Using the table, what is the total amount of the monthly payments for a $100,000, 2-year loan with an APR of 12%?


Hint: 2 years = 24 months

$79,704

$112,968

$70,272

$63,192

Tags

CCSS.HSF.BF.A.2

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Using the table, what is the total amount of the monthly payments for a $200,000, 3-year loan with an APR of 11%?


Hint: 3 years = 36 months

$186,120

$207,288

$235,728

$335,592

Tags

CCSS.HSF.BF.A.2

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Using the table, what is the total amount of the monthly payments for a $300,000, 3.5-year loan with an APR of 10%?


Hint: 3.5 years = 42 months

$566,244

$406,602

$356,832

$319,536

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSN.Q.A.1

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Using the table, what is the total amount of the monthly payments for a $400,000, 4-year loan with an APR of 9%?


Hint: 4 years = 48 months

$877,056

$610,560

$534,528

$477,888

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.A.2

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Using the table, what is the total amount of the monthly payments for a $500,000, 5-year loan with an APR of 8%?


Hint: 5 years = 60 months

$608,400

$732,300

$821,400

$940,200

Tags

CCSS.HSF.BF.A.2

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?