A car's sticker price is also called the Manufacturer's Suggested Retail Price (MSRP).

The expected value of the car at the end of the lease period called Residual Value.

Which of the following is typically NOT associated with leasing a car?

Which basic homeowners insurance category covers the extra costs of living incurred when your home is unavailable due to damage?

Which basic homeowners insurance category protects you in case of lawsuits by persons injured on your property?

Mark insures his house for $88,500. Mark insurance company charges $0.53 per $100 for the policy.

what will be the annual premium? Round your answer to nearest dollar.

Note: (Price of the house $$\div$$ 100) X Charges per $100

Rick insures his house for $105,600. The contents are automatically insured for 50% of the total insurance on the house. What is the amount the contents are insured for?

Molly bought a car with an MSRP of $31,248. A 5% sales tax will be charged on the total purchase. Registration and license costs will be $180. What is the delivered price of the car?

Note: delivered price = MSRP price + tax + other fees

Maria bought a car with an MSRP of $31,248. A 5% sales tax will be charged on the total purchase. Registration and license costs will be $180. Maria plans to make a $2,000 down payment. What is the balance due on the transaction?

Note: Balance due = price of the car $$+$$ tax $$+$$ other fees $$-$$ down payment

The delivered price of Sarah’s new car is $19,865. She makes a $1,865 down payment and pays the balance in 48 monthly payments of $412.

What total amount did Sarah pay for the car?

How much was the finance charge?

Note: Total amount = (number of payments X monthly payment) + down payment

Finance charge = total amount - price of the car

A 48-month lease plan on a luxury car that costs $46,700 consists of a $3,000 down payment, monthly payments of $595 and a residual value of $30,400. What is the total cost of leasing with buying option?

Note: cost of lease with buy option = (number of payments X monthly payment) + down payment + other fees + residual value

Steve bought a used car for $10,600. He paid for the car with a $3,000 down payment and 36 monthly payments of $295. What total amount did the truck cost?

Note: total amount = (number of payments X monthly payment) + down payment

Cadance had a 3-year car lease . Her lease had a milleage limit of 12,000 miles a year and charged 31 cents a mile for each mile over the limit. Her total mileage for the three year was 50,100 miles. What was the charge for excess mileage?

Note: charge for excess mileage = (total mileage - allowed mileage) X charge per mileage

Lesly bought a new car for $19,560. She used the car three years and then traded it in for $10,200. What was the average annual depreciation?

Note: average annual depreciation = (original price - trade in value) $$\div$$ number of years

David bought a new car for $27,800. He used the car two years and then traded it in for $16,000. What was the average annual rate of depreciation, round your answer to nearest tenth percentage?

Note: average annual rate of depreciation = ( average annual depreciation $$\div$$ original price ) X 100

A new car that cost $23,000 is worth $16,000 a year later. What was the percentage rate of depreciation for the one year?

Note: average annual rate of depreciation = ( average annual depreciation $$\div$$ original price ) X 100

Which type of car insurance covers damage or loss to a vehicle from fire, theft, vandalism, hail, and other causes?

The minimum car insurance you must carry by law for bodily injury and property damage may not offer the financial protection you need.

Jose bought a used car for $11,670. His expenses for the first year were gas and oil, $1,000; repairs, $512; insurance, $981; license plates, $83; loss of interest on his car investment, $561; and depreciation, 12%. Find the total operating cost for the year, rounded to the nearest dollar.