Final Exam Review- Math Portion

If Naghia borrows $4,000 to buy a vehicle and her payment is $125.35 a month for 36 months, how much will she pay in interest over the life of the loan?

• $512.60

• $512.60

• $512.60

• $512.60

Jamal wants to know how much he will be required to pay for the down payment on a house that will cost $150,000 if the lender requires a 15 percent down payment.

• $22,500

• $15,000

• $30,000

• $25,000

Destiny needs to save a 20 percent down payment for a car she wants to buy. She knows cars of this make and year model tend to sell for about $6,000. How much will she need to save?

• $1,200

• $1,000

• $1,500

• $1,800

Shawn's dad was teaching her about the stock market. He has 100 shares of Company A stock valued at $45 a share and 250 shares of Company B stock valued at $22 a share. How much is his stock worth?

• $8,950

• $9,000

• $10,000

• $8,500

Jucinda has $423 in her checking account according to the bank. However, she has written checks for $21.24 and $38.12 that have not cleared the bank. How much does she have available in her checking account to spend?

• $363.64

• $400.00

• $350.00

• $370.00

Nai deposited two checks for $235 and $300 in her checking account. Assuming her original balance was $578.34 and she has one check outstanding that has not cleared the bank yet for $411.98, how much is her balance?

• $701.36

• $800.00

• $750.00

• $720.00

Brandon wrote a check for $28.29 for a pair of shoes that caused him to overdraw at the bank. Assuming the bank charged him $25 for the 'bounced' check and the merchant charged him $30, how much did he pay in total for the shoes?

• $83.29

• $75.00

• $90.00

• $80.00

Nathaniel bought 60 shares of General Electric stock for $29.25 a share. He sold it one year later for $38.50 a share. What was Nathaniel's dollar return?

• $555

• $600

• $650

• $700

Karen overspent this month on her credit cards and owes $457.23 on one card and $874.12 on another card. She also owes $1,200 for the remainder of her tuition at the local college. What are her total liabilities?

• $2,531.35

• $2,500.00

• $2,600.00

• $2,400.00

What is the total value of your stock portfolio if you own 25 shares of GE stock valued at $31 a share and 120 shares of Walmart stock valued at $42 a share?

• $6,870

• $7,000

• $6,500

• $7,500