Calculating Monthly Mortgage Payments and Interest
11th - 12th Grade
•10 Qs
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Calculating Monthly Mortgage Payments and Interest
Quiz
•
Mathematics
•
11th - 12th Grade
•
Medium
+5
Standards-aligned
Karin Sean
Used 53+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A house costs $350,000. Carlos wants to get a mortgage that has a 3.5% interest rate, and the term is 30 years. What is his monthly payment?
$1,517.66
$10,208.66
$12,201.52
$1,020.83
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSN.Q.A.1
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A house costs $350,000. Carlos wants to get a mortgage that has a 3.5% interest rate, and the term is 30 years. What is his total interest?
$144,202.40
$535,797.60
$215,797.60
$302,850.20
Tags
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Alexander wants to buy a $485,000 house that has a 4% interest rate, and the term is 30 years. What is his monthly payment?
$229.16
$2,315.46
$16,166.79
$17,015.38
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSN.Q.A.1
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Alexander wants to buy a $485,000 house that has a 4% interest rate, and the term is 30 years. What is his monthly payment?
$415,536.20
$248,563.75
$312,616.80
$348,565.60
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.2
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Branden wants to buy a $190,000 house that has a 8.5% interest rate, and the term is 20 years. What is his monthly payment?
$1,460.94
$13,458.33
$1,345.83
$1,648.86
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.A.2
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSN.Q.A.1
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Branden wants to buy a $190,000 house that has a 8.5% interest rate, and the term is 20 years. What is his total interest?
$574,589.60
$376,726.40
$205,726.40
$403,589.60
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
CCSS.HSF.BF.A.1
CCSS.HSN.Q.A.1
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Najashi wants to buy a $650,000 house that has a 2.25% interest rate, and the term is 25 years. What is his monthly payment?
$283.48
$2,834.85
$12,233.98
$2,484.60
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.A.2
CCSS.HSA.REI.B.3
CCSS.HSF.BF.A.1
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
CCSS.HSN.Q.A.1
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