Review for 2nd Semester Final
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Mathematics
12th Grade
CCSS covered
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39 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A prepayment penalty is a fee charged if you pay a loan off on time.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The yearly interest rate charged on a loan is referred to as the annual percentage rate (APR).
TRUE
FALSE
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you borrow money from a bank or credit union and pay it back in monthly payments, that is referred to as an installment loan.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A down payment is a percentage of the total cost of a house paid at the time of purchase.
TRUE
FALSE
Tags
CCSS.6.RP.A.3C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A lease is a contract made between the company that owns a car and the person who will be given the right to use the car.
TRUE
FALSE
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.8.5
CCSS.RI.11-12.3
CCSS.RI.9-10.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A car's sticker price is also called the Manufacturer's Suggested Retail Price (MSRP).
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The expected value of the car at the end of the lease period called Residual Value.
TRUE
FALSE
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