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WorksheetsCar and Stock TEST
Total questions: 20
Worksheet time: 1hrs 16mins
"Stock" is best defined as ___________.
a share of ownership in a corporation
an investment in which a person lends money to a business at a specified interest rate
the right to receive money from the government on a future date
a share of ownership in the government-owned enterprise
Give an example of a company you can buy stock in.
AAPL, TSLA, FB, and TWTR are examples of
Ticker Symbols
Premiums
Shareholders
Stock Signs
How much would it cost to purchase 45 shares of a stock that costs $5.89?
$178.88
$343.80
$265.05
$2.66
What is the benefit of diversifying a stock portfolio?
How would you calculate 37% of 150?
0.037*150
150/0.37
0.37/150
0.37*150
Calculate the down payment and amount financed for the following item:
Original price of a car: $16,550
Down Payment: 13%
Down Payment= $4,750.33
Amount Financed= $11,799.67
Down Payment= $2,151.50
Amount Financed= $14,398.50
Down Payment= $127,307.69
Amount Financed= $4,375.00
Down Payment= $215.15
Amount Financed= $16,334.85
Calculate the down payment and amount financed for the following item:
Original price of a car: $27,560
Down Payment: 12%
Down Payment= $4,750.33
Amount Financed= $22,809.67
Down Payment= $3,307.20
Amount Financed= $21,365.88
Down Payment= $2,296.67
Amount Financed= $25,263.33
Down Payment= $3,307.20
Amount Financed= $24,252.80
Car insurance that pays for other people's cars if you cause an accident.
Comprehensive Coverage
Property Damage Insurance
Bodily Injury Insurance
Collision Coverage
The amount the insurance company doesn't pay when you are in an accident and that you are responsible for paying.
Premium
Expense Quota
Policy
Deductible
What does comprehensive coverage cover for your vehicle?
The other person's injuries if you cause the accident
Non-accident events like damages from extreme weather or animals
Your property damages if you cause the car accident
Both your car and the other person's car in the accident
Car Payment
Fixed Expense
Variable Expense
Buying Gas
Variable Cost
Fixed Cost
In the monthly payment formula, what value would you put for r if the interest rate is 6.7%?
0.63
6.7
0.067
0.0063
What does "n" represent in the monthly payment formula?
the interest rate
number of months
number of years
the initial amount of the loan
What would the monthly payment be on a purchase of a $17,000 car at 5.5% for 5 years?
$239.34
$838.44
$324.88
$250.00
Cody is applying for a $12,000 loan at a fixed interest rate of 3% to buy a boat. The loan is to be repaid over a time period of 3 years. What is Cody's monthly boat payment?
$348.97
$549.65
$725.21
$250.47
(This is the same set of values as the last problem but a different value to find.)
Cody is applying for a $12,000 loan at a fixed interest rate of 3% to buy a boat. The loan is to be repaid over a time period of 3 years.
What is the total amount of money he will repay in total?
$12,360.00
$15,236.33
$12,562.92
$12,000.00
Carly's car has a city gas mileage of 23 MPG and a highway gas mileage of 27 MPG. On average, she drives approximately 750 miles in one month: 500 miles on the highway and 250 miles in town. The gas price on the day Carly decided to calculate her monthly gas expenses, was $2.66 per gallon. What is Carly's estimated gas cost for the month?
$112.42
$82.46
$55.69
$78.17
Which of the following DOES NOT affect your car insurance cost?
The Value of Your Home
Gender
Your Occupation/Job
Age
