2025 Spring Midterm Review

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The table represents the monthly cost per $1,000 dependent on the rate and number of years.

What would be the monthly payment value of a $22,500 loan for 3 years at a rate of 6%?

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Alex was on vacation when his house was robbed. They took some credit cards and went to go buy gas, food, and ice cream with them. When he came back from vacation, he reported his four cards stolen. How much does Alex owe?

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Tj bought a new razor for $23,782. He had to put a 10% down payment. How much was his downpayment?

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Lisa needed a payday loan to help her finish paying her gas and electricity bills. She was going to borrow $245 and would be charged a fee of $40. She would have two weeks to pay it back. What is the value of her APR for this payday loan? Round to the nearest tenth of a percent.

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Ellie and her boyfriend do not pay their credit card bill in full each month. They had an average daily balance of $567.43 and their monthly periodic rate is 1.89%. What was their finance charge?

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AJ wants to borrow a used car and will need $19,000 to finance it. With an APR of 7.9% and a limit to pay $425 per month, how long will it take him to pay off the car? (round to the nearest tenth of a year.)

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Ruben is taking out a 25-year loan for $285,000 with an APR of 3.83%. What will his monthly payment be?

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Sandy bought a $2,345 furniture set on the installment plan. The installment agreement included a 15% down payment and 24 monthly payments of $90.85 each. What is the interest she paid? Remember, find the total paid first…

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Dr. Dre is thinking about retirement and decides to sail around the world once he retires. He buys a sailboat for $210,000. He borrows the money at 3.8% APR for 7 years. How much will his total interest be?

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Steve and Elizabeth decide to become partners in a children’s cooking school. They need $184,000 for the franchise. They invest in a 3:5 ratio, respectively. How much money did Elizabeth invest? round to the nearest tenth.

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At what price did Discovery Inc close on October 26th?

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What is the difference between the 52-week high and 52-week low?

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Mr. Pena had these daily balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 21.8%. What is his average daily balance?
five days @ $141.22
twelve days @ $887.45
ten days @ $222.33
three days @ $510.70

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what is the new balance? payment is -, transactions and finance charge are +

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When is the payment due?

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What is your credit card limit?

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Which of the following could have a NEGATIVE impact on your credit score?

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What was the closing price? Don't forget your $ sign.

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Ariana purchased $4,500 worth of stock and paid her broker a 2% fee. She sold the stock when
the stock price increased to $4,900, using an online broker that charged $10 per trade. What are her
net proceeds?

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Megan has a credit card balance of $950. Her available credit on this card is $1,050. What is the credit line on this card?

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What is the monthly periodic rate?

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What is the finance charge?

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What is the new balance?

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What is the total available credit?

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The closing prices for five consecutive trading days for a particular stock are:
$87.31, $89.42, $91.38, $89.24, $88.60
Calculate the 3-day Simple Moving Average for days 3-5.

The table represents the monthly cost per $1,000 dependent on the rate and number of years.What would be the monthly payment value of a $22,500 loan for 3 years at a rate of 6%?

Alex was on vacation when his house was robbed. They took some credit cards and went to go buy gas, food, and ice cream with them. When he came back from vacation, he reported his four cards stolen. How much does Alex owe?

Tj bought a new razor for $23,782. He had to put a 10% down payment. How much was his downpayment?

Lisa needed a payday loan to help her finish paying her gas and electricity bills. She was going to borrow $245 and would be charged a fee of $40. She would have two weeks to pay it back. What is the value of her APR for this payday loan? Round to the nearest tenth of a percent.

Ellie and her boyfriend do not pay their credit card bill in full each month. They had an average daily balance of $567.43 and their monthly periodic rate is 1.89%. What was their finance charge?

AJ wants to borrow a used car and will need $19,000 to finance it. With an APR of 7.9% and a limit to pay $425 per month, how long will it take him to pay off the car? (round to the nearest tenth of a year.)

Ruben is taking out a 25-year loan for $285,000 with an APR of 3.83%. What will his monthly payment be?

Sandy bought a $2,345 furniture set on the installment plan. The installment agreement included a 15% down payment and 24 monthly payments of $90.85 each. What is the interest she paid? Remember, find the total paid first…

Dr. Dre is thinking about retirement and decides to sail around the world once he retires. He buys a sailboat for $210,000. He borrows the money at 3.8% APR for 7 years. How much will his total interest be?

Steve and Elizabeth decide to become partners in a children’s cooking school. They need $184,000 for the franchise. They invest in a 3:5 ratio, respectively. How much money did Elizabeth invest? round to the nearest tenth.

At what price did Discovery Inc close on October 26th?

What is the difference between the 52-week high and 52-week low?

what is the new balance? payment is -, transactions and finance charge are +

When is the payment due?

What is your credit card limit?

Which of the following could have a NEGATIVE impact on your credit score?

What was the closing price? Don't forget your $ sign.

Ariana purchased $4,500 worth of stock and paid her broker a 2% fee. She sold the stock whenthe stock price increased to $4,900, using an online broker that charged $10 per trade. What are hernet proceeds?

Megan has a credit card balance of $950. Her available credit on this card is $1,050. What is the credit line on this card?

What is the monthly periodic rate?

What is the finance charge?

What is the new balance?

What is the total available credit?

The closing prices for five consecutive trading days for a particular stock are:$87.31, $89.42, $91.38, $89.24, $88.60Calculate the 3-day Simple Moving Average for days 3-5.

The table represents the monthly cost per $1,000 dependent on the rate and number of years.

What would be the monthly payment value of a $22,500 loan for 3 years at a rate of 6%?

Ariana purchased $4,500 worth of stock and paid her broker a 2% fee. She sold the stock when
the stock price increased to $4,900, using an online broker that charged $10 per trade. What are her
net proceeds?

The closing prices for five consecutive trading days for a particular stock are:
$87.31, $89.42, $91.38, $89.24, $88.60
Calculate the 3-day Simple Moving Average for days 3-5.