Interest Calculator
Authored by Anthony Clark
Mathematics
11th Grade
CCSS covered
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15 questions
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1.
MATH RESPONSE QUESTION
1 min • 2 pts
How much money will a buyer save in interest if they pay an addition $200 a month on a $799,000 mortgage with a 7.5% interest rate.
Mathematical Equivalence
ON
Tags
CCSS.8.EE.C.7B
2.
MATH RESPONSE QUESTION
1 min • 2 pts
How much money will a buyer save if they opt for a 15 year loan instead of a 30 year loan on a $799,000 mortgage with a 7.5% interest rate.
Mathematical Equivalence
ON
3.
MATH RESPONSE QUESTION
1 min • 2 pts
Suppose a buyer agrees to a 30 year loan but wants to send additional money every month in order to pay off the mortgage in 15 years.
How much should the additional monthly payment be on a $799,000 mortgage with a 7.5% interest rate.
Mathematical Equivalence
ON
4.
MATH RESPONSE QUESTION
1 min • 1 pt
How much money will a buyer save in interest if they pay get a 6.5% instead of a 7.5% on a $799,000 mortgage over the course of 30 years?
Mathematical Equivalence
ON
5.
MATH RESPONSE QUESTION
1 min • 2 pts
How much will the total savings be if a buyer sends additional monthly payments to reduce his 30 year mortgage to a 15 year monthly commitment on a $799,000 mortgage with a 7.5% interest rate.
Mathematical Equivalence
ON
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Tags
CCSS.HSF-LE.A.1C
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
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