
Car Purchase and Financial Concepts

Interactive Video
•
Mathematics, Business, Life Skills
•
9th - 12th Grade
•
Hard

Sophia Harris
FREE Resource
Read more
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of using the annuity formula in this lesson?
To calculate the interest rate of a loan
To determine the regular savings amount needed to reach a financial goal
To estimate the depreciation of a car
To find the total cost of a car
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in deriving the formula for the regular deposit amount?
Dividing the principal by the interest rate
Subtracting the interest rate from the principal
Multiplying both sides by the interest rate divided by the number of compounds per year
Adding the interest rate to the principal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the example of purchasing a car, what is the total cost of the car?
$25,000
$20,000
$15,500
$10,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much would you need to save monthly to purchase the car in four years?
$609.47
$150.00
$286.52
$500.00
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much interest is earned over the four-year period in the car purchase example?
$1,000.00
$1,747.04
$2,500.00
$3,000.00
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If saving for two years instead of four, what is the new monthly savings amount?
$800.00
$609.47
$400.00
$286.52
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much interest is earned over the two-year period?
$1,200.00
$1,747.04
$872.78
$500.00
Create a free account and access millions of resources
Similar Resources on Wayground
11 questions
Understanding Financial Risks

Interactive video
•
9th - 12th Grade
11 questions
Understanding Compound Interest

Interactive video
•
9th - 12th Grade
11 questions
Impact of Interest Rates on Economy

Interactive video
•
10th - 12th Grade
11 questions
Understanding Savings Account Interest

Interactive video
•
9th - 12th Grade
7 questions
Warm Up - What is an Annuity?

Interactive video
•
9th - 12th Grade
11 questions
Understanding Annuities

Interactive video
•
9th - 12th Grade
11 questions
Exploring Savings Annuity Calculations

Interactive video
•
9th - 12th Grade
11 questions
Future Value of an Annuity Explained

Interactive video
•
9th - 12th Grade
Popular Resources on Wayground
10 questions
Video Games

Quiz
•
6th - 12th Grade
20 questions
Brand Labels

Quiz
•
5th - 12th Grade
15 questions
Core 4 of Customer Service - Student Edition

Quiz
•
6th - 8th Grade
15 questions
What is Bullying?- Bullying Lesson Series 6-12

Lesson
•
11th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
22 questions
Adding Integers

Quiz
•
6th Grade
10 questions
Exploring Digital Citizenship Essentials

Interactive video
•
6th - 10th Grade
Discover more resources for Mathematics
12 questions
Graphing Inequalities on a Number Line

Quiz
•
9th Grade
15 questions
Two Step Equations

Quiz
•
9th Grade
15 questions
Slope

Lesson
•
7th - 9th Grade
15 questions
Solving Literal Equations

Quiz
•
8th - 9th Grade
12 questions
Absolute Value Equations

Quiz
•
9th Grade
10 questions
Decoding New Vocabulary Through Context Clues

Interactive video
•
6th - 10th Grade
20 questions
Parallel lines and transversals

Quiz
•
9th - 12th Grade
10 questions
Solving Absolute Value Equations

Quiz
•
9th Grade