Financial Literacy - Unit 4 Assessment (Income & Spending)

Kiera and Maya are planning to share a 2 bedroom home with a monthly bill of $940.00. Convert their monthly bill to weekly payments, rounding to the nearest hundredth.

• $217.69

• $108.46

• $246.15

• $217.23

Anaya and Brielle are studying the Vehicle Cost Table to look up car loan payments. They find that an auto loan for $3,094.00 will have a weekly payment of:

• $14.41

• $61.33

• $13.06

• $15.24

Use the Vehicle Cost Table to look up car loan payments. An auto loan for $4,385.00 will have a monthly payment of:

Arriana is considering this option.

• $80.22

• $19.80

• $18.51

• $84.92

Anaya and Arnai are studying for their vehicle maintenance class. They use the Vehicle Cost Table to look up weekly maintenance costs for a 21-year-old vehicle with 109,146 miles. What is the cost?

• $25.00

• $66.00

• $45.00

• $20.00

Maya and Brielle use the Vehicle Cost Table to look up weekly maintenance costs for a 4-year-old vehicle with 92,336 miles:

• $15.00

• $20.00

• $35.00

• $10.00

Ms. Brielle and Kiera are calculating their shared monthly rent of $850.00 to weekly payments. Round to the nearest hundredth. What would be each of their weekly payments if they split the rent equally?

• $95.00

• $62.54

• $98.08

• $28.98

Let's say Maya is in the market for a car priced at $45,600 according to the Manufacturer's Suggested Retail Price (MSRP). After some negotiation, she's secured a dealer cash allowance of $1,500. Additionally, she's making a down payment of $3,200. With a loan term set at 36 months and no interest charged, what would her monthly payment amount to for this car loan?

• $1,598.98

• $1,136.11

• $1,200.78

• $950.98

Imagine Treasure and Brielle are planning to finance a motorcycle with a sticker price of $13,800. After a trade-in value of $2,800 and a down payment of $1,200, what would be their monthly payment amount if they secure a loan term of 24 months with no interest?

• $408.33

• $590.80

• $475.67

• $425.76

What is the Weekly maintenance cost for a 3-year-old Mustang with 25,000 miles, according to Maya's research?

• $6.00

• $10.00

• $16.00

• $8.00

Arriana and Maya are planning to share a 1 bedroom apartment with a bill of $750.00. Convert their monthly bill to weekly payments, rounding to the nearest hundredth.

• $86.53

• $87.50

• $72.50

• $75.00