DOWN PAYMENTS & FINANCING

Purchasing a car on a loan through the bank or dealership is called:

• franchising
• financing
• amortizing
• loaning

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CCSS.HSA.SSE.B.4

Brenda's bank offers car financing for 3, 4, or 5 years.  If Brenda chooses 5-year financing, how many monthly payments will she have?

• 60
• 48
• 36
• 12

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CCSS.3.OA.A.1

CCSS.3.OA.A.3

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Jaclyn has decided to purchase an $11,000 car. She pans on putting $1000 down towrd the purchase, and financing the rest at 4.8% interest rate for 3 years. What is the amount financed?

• $4.8%

• $9,000.48

• $10,000.00

• $1,000.00

Omar has decided to purchase a $11,000 car.  He plans on putting 20% down toward the purchase, and financing the rest at 4.8% interest rate for 3 years.  Find his monthly payment.

• $262.95
• $236.89
• $204.78
• $298.81

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CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

If you put down 20% on a $7000 car and pay monthly payments of $109.40 for 60 months, what is the total amount of down payment?

• $7262.95

• $1,400.89

• $7,004.78

• $1,400.00

Tiffany has decided to purchase an $11,000 car. She pans on putting 30% down toward the purchase, and financing the rest at 5.8% interest rate for 4 years. Find her down payment.

• $3,300.00

• $3,000.00

• $330.00

• $3,300.81

Tiffany has decided to purchase an $11,000 car. She pans on putting 30% down toward the purchase, and financing the rest at 5.8% interest rate for 4 years. Find the amount financed.

• $8,300.00

• $7,700.00

• $7,307.00

• $7,300.81

Adan has decided to purchase a $9,000 car. He plans on putting 20% down toward the purchase, and financing the rest at 7.9% interest rate for 3 years. Find his down payment.

• $180.00

• $1,680.00

• $1,800.00

• $1,880.00

If you put down 20% on a $9000 car and pay monthly payments of $201.50 for 60 months, what is the total amount financed?

• $13,781.27

• $7,400.00

• $13,890.00

• $7,200.00

Omar has decided to purchase a $30,000 car. He plans on putting 15% down toward the purchase, and financing the rest at 4.8% interest rate for 3 years. Find the amount financed for the car?

• $26,500.00

• $25,500.00

• $22,500.00

• $22,800.00