Loans

A loan used for buying a home is called a mortgage. The Fortunato family is borrowing $430,000 to buy a home. They are taking out a 30-year mortgage at a rate of 3.55%. Compute the monthly payment to the nearest cent.

• $1743.87

• $1678.90

• $1942.91

• $1,345.90

A loan used for buying a home is called a mortgage. The Fortunato family is borrowing $430,000 to buy a home. They are taking out a 30-year mortgage at a rate of 3.55%.

Find the total of all of the monthly payments for 30 years.

• $678,900.56

• $1,245,788.80

• $100,005.60

• $699,447.60

Promissory note- an agreement that states the conditions of a loan; a borrower's signature confirms a promise to __________back the loan as outlined in the agreement.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Jasmin needs to borrow $7000 from a local bank. She use the table of mothly payments on skills and strategies to compare the monthly payments for 3% loan for 3 years.

• $295.98

• $203.56

• $125. 78

• $79.00

Karolin purchased a TV from Best Buy. It regularly sold for $670, but was on sale at 10% off. She also had to pay 8% sales tax. She bought it on an installment plan and paid 15% of the total cost with tax as a down payment. Her monthly payments were $58 per month for 1 year. What is the discount?

• $40

• $50

• $67

• $68.09

Tags

CCSS.6.RP.A.3C

Karolin purchased a TV from Best Buy. It regularly sold for $670, but was on sale at 10% off. She also had to pay 8% sales tax. She bought it on an installment plan and paid 15% of the total cost with tax as a down payment. Her monthly payments were $58 per month for 1 year. What is the sale price?

• $603

• $569

• $456

• $1,560

Tags

CCSS.6.RP.A.3C

Karolin purchased a TV from Best Buy. It regularly sold for $670, but was on sale at 10% off. She also had to pay 8% sales tax. She bought it on an installment plan and paid 15% of the total cost with tax as a down payment. Her monthly payments were $58 per month for 1 year. What is the sale tax?

• $45

• $56

• $48.24

• $34.98

Tags

CCSS.6.RP.A.3C

Karolin purchased a TV from Best Buy. It regularly sold for $670, but was on sale at 10% off. She also had to pay 8% sales tax. She bought it on an installment plan and paid 15% of the total cost with tax as a down payment. Her monthly payments were $58 per month for 1 year. What is the cost of the TV.?

• $367

• $879

• $890.90

• $651.24

Tags

CCSS.6.RP.A.3C

Karolin purchased a TV from Best Buy. It regularly sold for $670, but was on sale at 10% off. She also had to pay 8% sales tax. She bought it on an installment plan and paid 15% of the total cost with tax as a down payment. Her monthly payments were $58 per month for 1 year. What is the the down payment?

• $123

• $165

• $97.69

• $56.90

Tags

CCSS.6.RP.A.3C

• 25.06

• 25.060

• 25.60

• 25.006

Tags

CCSS.5.NBT.B.7