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- 1. Multiple Choice
Mr. and Mrs. Wallace have decided to buy a car for $21,600. They will finance $15,000 of it with a 5-year auto loan at 2.9% APR.
What will their monthly payment be?$268.20$268.86$269.54$387.16 - 2. Multiple ChoiceRudy has arranged to buy a car for $10,240. He has a $3000 trade-in allowance and will make a $2000 down payment. He will finance the rest with a 3-year auto loan at 3.4% APR. What is the total amount of interest he will pay? Round your answer to the nearest dollar$288$279$271$188
- 3. Multiple ChoiceStefan is buying a new car valued at $18,210. It is expected to depreciate an average of 14% each year during the first 4 years. What is the value of Stefan's car predicted to be in 4 years?
P = V(1 − r)Y$9961$15,661$20,759$30,756 - 4. Multiple ChoiceLuis drove 308 miles on 21 gallons of gas. What was his gas mileage? Round the answer to the nearest mpg.13 mpg14 mpg15 mpg16 mpg
- 5. Multiple ChoiceSabrina is planning a 1830-mile driving trip. Her car gets an average of 24 mpg, and the cost of gas is about $4.09/gallon. What is the approximate driving cost of the trip?$304$312$318$328
- 6. Multiple ChoiceA 21-year-old female driver buys 25/50/50 liability insurance, collision insurance with a $500 deductible, and comprehensive insurance with a $250 deductible. What is her total annual car insurance premium?$715.00$858.00$1036.75$1230.00
- 7. Multiple ChoiceSammy is buying a car for $16,580. He will finance $12,000 of it with a 44-year loan at 2.8% APR. What will his monthly auto payment be?$100.97$214.56$264.55$365.52
- 8. Multiple ChoiceSammy bought his car for $16,580. His car is expected to depreciate an average of 14% each year during the first 5 years. What is the predicted value of his car in 5 years?
P = V(1 − r)Y$7800$14,259$18,901$31,923 - 9. Multiple ChoiceAndrea drove 642 miles on 24.2 gallons of gas. What is her gas mileage, rounded to the nearest mpg?24273034
- 10. Multiple ChoiceHarold is planning a 1460 mile driving trip. His car gets an average of 32 mpg, and the cost of gas is about $3.90 a gallon. What is the approximate driving cost of the trip?$125$136$178$194
- 11. Multiple ChoiceA 28 year old male drivers buys 100/300/50 liability insurance, and collision and comprehensive insurance, each with $500 deductibles. What is his total annual premium?$928.00$1113.60$1306.65$1438.40
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