Financial Algebra Budget Review

QuizÂ by Andrea Gaul

Feel free to use or edit a copy

includes Teacher and Student dashboards

### Measure skillsfrom any curriculum

Measure skills

from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can

- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on studentsâ€™ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet

### Our **brand new** solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

12 questions

Show answers

- Q1You are buying a house for $170,500. In order to get approved for the loan you have to put a 10% down payment on the house. How much will your down payment be? What will your loan amount be?Down Pmt: 10500 Loan Amt: 160000Down pmt: $17050 Loan Amt: 153450Down Pmt: $17050 Loan Amt: $187550Down Pmt: $1750 Loan Amt: $168750120s
- Q2You are buying a 125000 house and use $24000 as a down payment. You pay 7.5% interest over 15 years. What will your monthly payment be?936.28630.256312.61706.21120s
- Q3If your monthly payment is $936.28 for your monthly mortgage for 15 years. What will your total payment be? How much interest will you pay?Total Pmt: 101111 Interest: 24000Total Pmt: 336672 Interest: 225672Total Pmt: 168530.40 Interest: 67530.40Total Pmt: 11235 Interest: 33469.60120s
- Q4At the end of dentistry school you want to be able to go on vacation before starting your full time job. You know the trip will cost you $6000. How much must you invest into an account every month at 3.25% interest compounded monthly so that you will be able to go on your vacation in 8 years?$54.81$65.43$51.23$13.53120s
- Q5You buy a car for $26,000. The car immediately depreciates as soon as you drive it off the lot. It depreciates at a rate of 9% every year. How much will your car cost after 4 years?1952.601782.9517829.50120s
- Q6You start a new job that pays $30,192 a year. You need $2000 a month to cover your bills. Will you be able to pay them. If so what is your net pay?No -$516Yes $838,77No -$838.77Yes, $516120s
- Q7You invest $340 every month into your savings account at 2.75% interest compounded monthly. If in 25 years you want to be able to use this money as a down payment how much will you have in your savings account?13271458.7125147.23.80146460.70120s
- Q8If Joshua has $234,567 in assets and $123456 in liabilities, what would his net worth be?$358023$-100$234567$111,111120s
- Q9Hannah has liabilities of: mortgage $1400, Student Loans: $750, Car payment $150 and Assets of : Salary: 5600, stocks: $380 and interest: $120. Find her debt to income ratio.38%45%2.65%61%120s
- Q10You bought a car for 16000. You put down $1600, and got $400 for your old car. You term is for 4 years at .99% interest. What is your monthly payment?452.52297.601181.29354.40120s
- Q11How much will a 20% down payment on a $220,000 house be? What will the loan amount be?Down Pmt: 45600 Loan Amt: 44000Down Pmt: 44000 Loan Amt: 176000Down Pmt: 78500 Loan Amt: 141500Down Pmt: 4400 Loan Amt: 215600120s
- Q12What would the monthly payment be on the 220,000 with 20% down if the interest was 4.5% for a 15 year mortgage?968.521254.36987.561346.39120s