7.1-7.3 Quiz 2025

1

Alyssa is borrowing $189,000 from Sun Community Bank for her home loan. She will take out the loan for 15 years and pay 3.8% APR. What will her monthly payment be?

1

If Andrew had borrowed $282,000 and his loan amount was $2,245 monthly for 30 years, how much interest would he have paid?

1

On a blueprint, a room is 16 ft by 11 ft. The scale is 1⁄2 inch = 1 foot. Determine the blueprint dimensions of the room.

1

Tj is going to rent an apartment and must pay the following fees plus his first month of rent. Rent will be $1,340. How much money should he ask his parents for? :)
Credit check: $35
Application fee: $38
Security Deposit: First and last month's rent
Broker fee: 5% of first year's rent

2

Andrea received a quote from the mover's company so she can move her stuff to her new house based on two situations:
Situation 1:
6 hours of loading/unloading
9 hours of packing/unpacking
Total $1,140

Situation 2:
4 hours of loading/unloading
7 hours of packing/unpacking
$840

Which of the following are true?

1

The assessed value of Tricia's house is $235,000. The property tax in Imperial Valley is 1.25%. What will Tricia pay for her annual property taxes?

1

NuHome Movers charges $81 per hour for loading/unloading services and $76 per hour for
packing/unpacking services. Their charge is $3.50 per mile for truck rental. Jay is moving a distance of 120 miles and needs 7 hours of loading/unloading and 8 hours of packing/ unpacking. What will his moving cost be if the service also charges 8.25% tax on the total?

1

Marissa makes $94,450 per year and is looking to find a new apartment rental. She searched online and found an apartment for $1,650 per month. Based on her income, can Marissa afford this apartment based on the recommended value?

1

Alyssa is building a large gazebo in her backyard. The gazebo is an octagon 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 $3.90 a square foot. How much will Alyssa need to save, include excess material (15%)? Round up to the next dollar.

1

Jacob just bought a house for $530,000. He plans to pay it off in 30 years and the interest rate is 6.5%. What will his monthly payment be?

1

The wall of the front of this house needs to be painted because the yellow is hideous.

The width of the house is 15 ft, and the height of the yellow wall is 20 ft. The windows are measured three by 3 feet, and the door is seven by 4 feet. How many square feet of paint will be needed if you are not painting the door or windows? Include two coats of paint and the extra 15%

1

Alex's studio measures 20 by 25 and has a 9-foot ceiling. It is poorly insulated and faces the east. How many BTUs should he look to buy for his new air conditioner? Round to the next thousand.

1

Jessica is applying to the bank for a loan. They have told her her monthly housing payment will be $1,890 per month, her annual homeowner’s insurance will be $1,440 and her semi-annual property tax bill is $1,320. Her annual gross income is $74,440. Will she be approved based on the front end ratio?

1

Ricky decided to buy a home for $429,000 in Sacramento. Their house was appraised at $412,000. Sacramento has a property tax rate of 0.81%. How much will the lender allow the borrower, Ricky, to borrow?

1

Jessica is applying to the bank for a loan. They have told her her monthly housing payment will be $1,890 per month, her annual homeowner’s insurance will be $1,440 and her semi-annual property tax bill is $1,320. What is her front end ratio? Show your work to earn credit.

7.1-7.3 Quiz 2025

Alyssa is borrowing $189,000 from Sun Community Bank for her home loan. She will take out the loan for 15 years and pay 3.8% APR. What will her monthly payment be?

If Andrew had borrowed $282,000 and his loan amount was $2,245 monthly for 30 years, how much interest would he have paid?

On a blueprint, a room is 16 ft by 11 ft. The scale is 1⁄2 inch = 1 foot. Determine the blueprint dimensions of the room.

Tj is going to rent an apartment and must pay the following fees plus his first month of rent. Rent will be $1,340. How much money should he ask his parents for? :)Credit check: $35Application fee: $38Security Deposit: First and last month's rentBroker fee: 5% of first year's rent

The assessed value of Tricia's house is $235,000. The property tax in Imperial Valley is 1.25%. What will Tricia pay for her annual property taxes?

Marissa makes $94,450 per year and is looking to find a new apartment rental. She searched online and found an apartment for $1,650 per month. Based on her income, can Marissa afford this apartment based on the recommended value?

Jacob just bought a house for $530,000. He plans to pay it off in 30 years and the interest rate is 6.5%. What will his monthly payment be?

Alex's studio measures 20 by 25 and has a 9-foot ceiling. It is poorly insulated and faces the east. How many BTUs should he look to buy for his new air conditioner? Round to the next thousand.

Ricky decided to buy a home for $429,000 in Sacramento. Their house was appraised at $412,000. Sacramento has a property tax rate of 0.81%. How much will the lender allow the borrower, Ricky, to borrow?

Jessica is applying to the bank for a loan. They have told her her monthly housing payment will be $1,890 per month, her annual homeowner’s insurance will be $1,440 and her semi-annual property tax bill is $1,320. What is her front end ratio? Show your work to earn credit.

Alyssa is borrowing $189,000 from Sun Community Bank for her home loan. She will take out the loan for 15 years and pay 3.8% APR. What will her monthly payment be?

If Andrew had borrowed $282,000 and his loan amount was $2,245 monthly for 30 years, how much interest would he have paid?

On a blueprint, a room is 16 ft by 11 ft. The scale is 1⁄2 inch = 1 foot. Determine the blueprint dimensions of the room.

Tj is going to rent an apartment and must pay the following fees plus his first month of rent. Rent will be $1,340. How much money should he ask his parents for? :)Credit check: $35Application fee: $38Security Deposit: First and last month's rentBroker fee: 5% of first year's rent

The assessed value of Tricia's house is $235,000. The property tax in Imperial Valley is 1.25%. What will Tricia pay for her annual property taxes?

Marissa makes $94,450 per year and is looking to find a new apartment rental. She searched online and found an apartment for $1,650 per month. Based on her income, can Marissa afford this apartment based on the recommended value?

Jacob just bought a house for $530,000. He plans to pay it off in 30 years and the interest rate is 6.5%. What will his monthly payment be?

Alex's studio measures 20 by 25 and has a 9-foot ceiling. It is poorly insulated and faces the east. How many BTUs should he look to buy for his new air conditioner? Round to the next thousand.

Ricky decided to buy a home for $429,000 in Sacramento. Their house was appraised at $412,000. Sacramento has a property tax rate of 0.81%. How much will the lender allow the borrower, Ricky, to borrow?

Jessica is applying to the bank for a loan. They have told her her monthly housing payment will be $1,890 per month, her annual homeowner’s insurance will be $1,440 and her semi-annual property tax bill is $1,320. What is her front end ratio? Show your work to earn credit.

Tj is going to rent an apartment and must pay the following fees plus his first month of rent. Rent will be $1,340. How much money should he ask his parents for? :)
Credit check: $35
Application fee: $38
Security Deposit: First and last month's rent
Broker fee: 5% of first year's rent

Tj is going to rent an apartment and must pay the following fees plus his first month of rent. Rent will be $1,340. How much money should he ask his parents for? :)
Credit check: $35
Application fee: $38
Security Deposit: First and last month's rent
Broker fee: 5% of first year's rent