WorksheetsChapter 6 Review
Total questions: 13
Worksheet time: 18mins
How much does a car depreciate in the first year?
10%
15%
25%
30%
How much should you spend on a car per paycheck?
Less than 15-20%
Less than 21-25%
Less than 26-30%
Less than 20-30%
What is the biggest cost of buying a new car?
(a)
When is it better to rent instead of buying a home? When you're living there ...
3 years or less
4 -5 years
6-10 years
It's always better to buy
What is a Loss Leader?
What is a requirement if you do not provide 20% down on a mortgage?
(a)
What is the most common length of mortgage?
Which home loan provides 100% financing?
(a)
What is a reverse mortgage?
Describe a variable interest rate mortgage. What is another name for it?
A monthly mortgage payment includes everything except...
Sales Tax
Property Tax
Property Insurance
Principal and Interest
If you drive 100 miles a month, you get 10 miles/gal, and gas costs $2.00/gal, how much do you pay in a year?
$24
$20
$2400
$240
Which vehicle has a higher repair cost?
New
Used
Certified Pre Owned
New (Leased)
