Ch 7 Part #2 review

Last updated about 1 year ago

30 questions

Emily moved into an apartment close to her new job. She will be paying $1,200 per month in rent and expects a 1.8% rent increase each year. a. Express the rent y as an exponential function of the number of years rented, x. You are just writing the equation

Emily moved into an apartment close to her new job. She will be paying $1,200 per month in rent and expects a 1.8% rent increase each year. What can she expect the rent to be in the 7th year? Round to the nearest tens, no decimal, the number must end in zero. (use equation from #1)

When the Garcia’s moved into their house they paid $496 or their electricity in August. 5 years later, they paid $609. What was the percent change to the nearest percent?

James has to make a 10% down payment for a home that costs $410,000. How much should he expect his closing costs to be? Round to the nearest dollar (no decimals). Put a dash(-) between your numbers.

In order to buy her house, Leslie needs a 20% downpayment. She has $34,000 saved. Is that enough for a $270,000 home?

In the diagram below, x represents the length of the ladder that is leaning against a wall of a building, and y represents the distance from the foot of the ladder to the base of the wall. The ladder makes a 60 degree angle with the ground and reaches a point on the wall 17 feet above the ground.

Find the length of the distance to the wall(y). Round to the nearest tenth.

A flagpole that is A- shadow feet high casts a shadown along the ground that is 15 feet long. What is the flight of the flagpole if the angle of elevation to the sun is 40 degrees? Round your answer to the nearest tenth.

How far off the ground is the top of the ladder if the distance from the wall to the ladder is 6 feet? (Round your answer to the nearest tenth)

Jacob put a mirror on the ground and is standing 1.15 m from it. His eye level from the ground is 1.65 m. The flag pole is 7.95 m from the mirror. What is the height of the flagpole to the nearest tenth?

What is the angle of elevation x?

Given the following table determine the exponential regression equation: (round to two decimal places) www.desmos.com

Year Monthly Rent
2012 1,800
2013 1,900
2014 1,980
2015 2,030
2016 3,000
2017 2,150

What would be a good estimate for rent in 2021? Round to the nearest tens place.

Elizabeth and Nicholas want to buy a new home in Sunset Park. They need to borrow $218,000 for 30 years. Their bank offers an opportunity for the couple to buy down the quoted interest rate of 4.5% by 0.125% per point purchased. Each point will cost 1% of the amount borrowed. What will be the cost to purchase 2 points?

Elizabeth and Nicholas want to buy a new home in Sunset Park. They need to borrow $218,000 for 30 years. Their bank offers an opportunity for the couple to buy down the quoted interest rate of 4.5% by 0.125% per point purchased. Each point will cost 1% of the amount borrowed. What will be the new interest rate if 2 points are purchased?

From examples 13 and 14, determine their break-even point.
1. Find monthly payments with new and old interest
2. subtract those two numbers.
3. Divide the cost of points (answer from #16) and the difference in monthly payment (answer from step 2)

Three years ago, Jerry purchased a co-op. This year his monthly maintenance fee is $1,887. Twenty percent of this fee is for Jerry’s property taxes. How much will Jerry pay this year in property taxes?

Ron has a co-op in Astor Cooperative. The total shares in the cooperative are 40,000 shares. If Ron owns 1800 shares, what percentage of the cooperative corporation does he own (to the nearest tenth)?

Alyssa is borrowing $213,000 from Sun Community Bank for her home loan. She will take out the loan for 30 years and pay 6.8% APR. What will her monthly payment be?

If Andrew borrowed $302,000 and his loan amount was $2,245 for 30 years, how much interest did he pay?

Tj is going to rent an apartment and must pay the following fees plus his first month of rent. Rent will be $1,560. How much money should he ask his parents for? :)
Credit check: $40
Application fee: $42
Security Deposit: First and last month's rent
Broker fee: 4% of first year's rent

The assessed value of Tricia's house is $285,000. The property tax in Imperial Valley is 1.25%. What will Tricia pay for her annual property taxes?

NuHome Movers charges $84 per hour for loading/unloading services and $74 per hour for
packing/unpacking services. Their charge is $3.80 per mile for truck rental. Jay is moving a distance of 160 miles and needs 6 hours of loading/unloading and 7 hours of packing/ unpacking. What will his moving cost be if the service also charges 8.25% tax on the total?

Marissa makes $74,450 per year and is looking to find a new apartment rental. She searched online and found an apartment for $2,200 per month. Based on her income, can Marissa afford this apartment based on the recommended value?

Alyssa is building a large gazebo in her backyard. The gazebo is a hexagon and each side is 10 feet long. The apothem is 8.2 feet and she needs to purchase special brick for the floor. The brick is $2.90 a square foot. How much will Alyssa need to save? Round up to the next dollar.

Alex's studio measures 22 by 20 and has a 10-foot ceiling. It is poorly insulated and faces the west. How many BTUs should he look to buy for his new air conditioner? Round to the nearest thousand.

The Naughtons are looking into purchase a house. The home mortgage they need to take out is $180,000. The current APR being offered is 3.5%. What is the total interest for a year?

The Naughtons are looking into purchase a house. The home mortgage they need to take out is $180,000. The current APR being offered is 3.5%. What is the interest paid per day?

The Naughtons are looking into purchase a house. The home mortgage they need to take out is $180,000. The current APR being offered is 3.5%. If they close on October 8th, what would be the pre paid interest?

Del is buying a $250,000 home. He has been approved for a 5.75% mortgage. He was required to make a 15% down payment and will be closing on the house on July 15. What is his down payment?

Del is buying a $250,000 home. He has been approved for a 5.75% mortgage. He was required to make a 15% down payment and will be closing on the house on July 15. What will be the amount of his loan?

Ch 7 Part #2 review

Emily moved into an apartment close to her new job. She will be paying $1,200 per month in rent and expects a 1.8% rent increase each year. a. Express the rent y as an exponential function of the number of years rented, x. You are just writing the equation

Emily moved into an apartment close to her new job. She will be paying $1,200 per month in rent and expects a 1.8% rent increase each year. What can she expect the rent to be in the 7th year? Round to the nearest tens, no decimal, the number must end in zero. (use equation from #1)

When the Garcia’s moved into their house they paid $496 or their electricity in August. 5 years later, they paid $609. What was the percent change to the nearest percent?

James has to make a 10% down payment for a home that costs $410,000. How much should he expect his closing costs to be? Round to the nearest dollar (no decimals). Put a dash(-) between your numbers.

In order to buy her house, Leslie needs a 20% downpayment. She has $34,000 saved. Is that enough for a $270,000 home?

A flagpole that is A- shadow feet high casts a shadown along the ground that is 15 feet long. What is the flight of the flagpole if the angle of elevation to the sun is 40 degrees? Round your answer to the nearest tenth.

How far off the ground is the top of the ladder if the distance from the wall to the ladder is 6 feet? (Round your answer to the nearest tenth)

Jacob put a mirror on the ground and is standing 1.15 m from it. His eye level from the ground is 1.65 m. The flag pole is 7.95 m from the mirror. What is the height of the flagpole to the nearest tenth?

What is the angle of elevation x?

Given the following table determine the exponential regression equation: (round to two decimal places) www.desmos.comYear Monthly Rent2012 1,8002013 1,9002014 1,9802015 2,0302016 3,0002017 2,150

What would be a good estimate for rent in 2021? Round to the nearest tens place.

From examples 13 and 14, determine their break-even point. 1. Find monthly payments with new and old interest 2. subtract those two numbers. 3. Divide the cost of points (answer from #16) and the difference in monthly payment (answer from step 2)

Three years ago, Jerry purchased a co-op. This year his monthly maintenance fee is $1,887. Twenty percent of this fee is for Jerry’s property taxes. How much will Jerry pay this year in property taxes?

Ron has a co-op in Astor Cooperative. The total shares in the cooperative are 40,000 shares. If Ron owns 1800 shares, what percentage of the cooperative corporation does he own (to the nearest tenth)?

Alyssa is borrowing $213,000 from Sun Community Bank for her home loan. She will take out the loan for 30 years and pay 6.8% APR. What will her monthly payment be?

If Andrew borrowed $302,000 and his loan amount was $2,245 for 30 years, how much interest did he pay?

Tj is going to rent an apartment and must pay the following fees plus his first month of rent. Rent will be $1,560. How much money should he ask his parents for? :)Credit check: $40Application fee: $42Security Deposit: First and last month's rentBroker fee: 4% of first year's rent

The assessed value of Tricia's house is $285,000. The property tax in Imperial Valley is 1.25%. What will Tricia pay for her annual property taxes?

Marissa makes $74,450 per year and is looking to find a new apartment rental. She searched online and found an apartment for $2,200 per month. Based on her income, can Marissa afford this apartment based on the recommended value?

Alyssa is building a large gazebo in her backyard. The gazebo is a hexagon and each side is 10 feet long. The apothem is 8.2 feet and she needs to purchase special brick for the floor. The brick is $2.90 a square foot. How much will Alyssa need to save? Round up to the next dollar.

Alex's studio measures 22 by 20 and has a 10-foot ceiling. It is poorly insulated and faces the west. How many BTUs should he look to buy for his new air conditioner? Round to the nearest thousand.

The Naughtons are looking into purchase a house. The home mortgage they need to take out is $180,000. The current APR being offered is 3.5%. What is the total interest for a year?

The Naughtons are looking into purchase a house. The home mortgage they need to take out is $180,000. The current APR being offered is 3.5%. What is the interest paid per day?

The Naughtons are looking into purchase a house. The home mortgage they need to take out is $180,000. The current APR being offered is 3.5%. If they close on October 8th, what would be the pre paid interest?

Del is buying a $250,000 home. He has been approved for a 5.75% mortgage. He was required to make a 15% down payment and will be closing on the house on July 15. What is his down payment?

Del is buying a $250,000 home. He has been approved for a 5.75% mortgage. He was required to make a 15% down payment and will be closing on the house on July 15. What will be the amount of his loan?

Given the following table determine the exponential regression equation: (round to two decimal places) www.desmos.com

Year Monthly Rent
2012 1,800
2013 1,900
2014 1,980
2015 2,030
2016 3,000
2017 2,150

From examples 13 and 14, determine their break-even point.
1. Find monthly payments with new and old interest
2. subtract those two numbers.
3. Divide the cost of points (answer from #16) and the difference in monthly payment (answer from step 2)

Tj is going to rent an apartment and must pay the following fees plus his first month of rent. Rent will be $1,560. How much money should he ask his parents for? :)
Credit check: $40
Application fee: $42
Security Deposit: First and last month's rent
Broker fee: 4% of first year's rent