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- 1. Multiple ChoiceJacob Gomez is buying a $245,000 home. He has been approved for a 6.0% APR mortgage. He was required to make a 20% down payment.
How much is the loan amount for?$49,000$196,000$14,700$230,300 - 2. Multiple ChoiceJacob Gomez is buying a $245,000 home. He has been approved for a 6.0% APR mortgage. He was required to make a 20% down payment
How much interest will he pay in one year?$14,750$16,229.60$11,760$13,818 - 3. Multiple ChoiceVeronica Trevino has been approved for a $525,000, 30 year mortgage with an APR of 4.0%
How much will her monthly mortgage payment be? (hint: use Monthly Mortgage payment formula on the board)$1,458.33$2,506.42$2745.58$2,239.93 - 4. Multiple ChoiceVeronica Trevino has been approved for a $525,000, 30 mortgage with an APR of 3.5%
How much money will she pay in one year?$17,499.96$30,077.04$75,192.60$26,879.16 - 5. Multiple ChoiceVeronica Trevino has been approved for a $525,000, 30 year mortgage with an APR of 4.0%
How much money will she pay in 30 years?$525,000$2,255,778$902,311.20$806,374.80 - 6. Multiple ChoiceVeronica Trevino has been approved for a $525,000, 30 year mortgage with an APR of 4.0%
How much interest will she pay after 30 years?$125,550$281,374.80$377,311.20$439,528.65 - 7. Multiple ChoiceThe assessed value of Sherman house is $625,000. The annual property tax rate is 1.75% of the assessed value.
What is the property tax on their home?$10,937.50$12,983.25$109,375$15,360.69 - 8. Multiple ChoiceThe assessed value of Sherman house is $625,000. The annual property tax rate is 1.75% of the assessed value.
How much do they pay monthly towards property taxes? Round to the nearest cent.$911.46$1,081.94$9,114.58$1,280.06 - 9. Multiple ChoiceA rectangular room measures 15 feet by 20 feet. It is going to be carpeted with carpeting that sells for $8.75 per square foot?
what is the area of the room in square feet?300 ft22,250 ft2225 ft2400 ft2 - 10. Multiple ChoiceA rectangular room measures 15 feet by 20 feet. It is going to be carpeted with carpeting that sells for $8.75 per square foot?
What is the total price of the carpeting?$8.75$1,968.75$2,625$3,500 - 11. Multiple ChoiceThomas Flores' room is a rectangular room that measures 13 feet by 18 feet, with an 8-foot ceiling.
Find the Volume of the room1872 ft3234 ft3242 ft32,225 ft3 - 12. Multiple ChoiceThomas Flores' room is a rectangular room that measures 13 feet by 18 feet, with an 8-foot ceiling.
Find the area of the smaller wall.234 ft2144 ft2104 ft2125 ft2 - 13. Multiple ChoiceThomas Flores' room is a rectangular room that measures 13 feet by 18 feet, with an 8-foot ceiling.
Find the total area of the four walls in the room248 ft2496 ft2144 ft2104 ft2 - 14. Multiple ChoiceThomas Flores' room is a rectangular room that measures 13 feet by 18 feet, with an 8-foot ceiling.
Find the perimeter of the room62 ft31 ft39 ft78 ft - 15. Multiple ChoiceUse the interval 25% - 30% to find the monetary range that is recommended for monthly housing budget in each situation. Round to the nearest dollar.
Brittaney Villalovos makes $110,000 per year.$2,291.67 - $2,750$27,500 - $33,000$2,575 - $3,375$28,000 - $35,000 - 16. Multiple ChoiceUse the interval 25% - 30% to find the monetary range that is recommended for monthly housing budget in each situation. Round to the nearest dollar.
Michael Castro makes $6,500 per month.$19,500 - $23,400$1,250 - $2,250$1,475 - $1,775$1,625 - $1,950 - 17. Multiple ChoiceNoel R. makes $15.50 per hour. She works 40 hours a week. She pays 20% of her gross earnings in federal and state taxes. She also has a $300 car payment for a ford Fusion. She is considering renting an apartment that will costs $800 a month.
Is this month rental fee at or below the recommended 30% housing expense? why?yes, because she can afford $875 a month in housingyes, because she can afford $925 a month in housingno, because she can afford $595 in housingno, because she can afford $744 a month in housing - 18. Multiple ChoiceNoel R. makes $15.50 per hour. She works 40 hours a week. She pays 20% of her gross earnings in federal and state taxes. She also has a $300 car payment for a ford Fusion and $150 in insurance. She is considering renting an apartment that will costs $800 a month.
Based on her expenses, can she make the monthly payments.yes, because the apartment is already under her 30%yes, technically she can, but will have a little over $700 to cover all other bills and expenses.no, because the government is under Bernie Sanders rule and takes all your money in taxesno, because she will be under pays too much in taxes and other bills - Answer choicesTagsAnswer choicesTags