7.1-7.3 Quizzes 2025

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?

A bedroom’s four walls are equal to 510 ft^2. If you have to paint the room twice to do it right, and a gallon of paint costs $33.50, which covers 250 ft^2. Determine the cost of the paint for the room. (Include the excess 15% material)

Jessica is applying for a loan at the bank. They have told her her monthly housing payment will be $2,160 per month, her annual homeowner’s insurance will be $1,560, and her semi-annual property tax bill is $1,260. Her annual gross income is $85,640. Will she be approved based on the front-end ratio?

The assessed value of Tricia's house is $295,000. The property tax in Imperial Valley is 1.25%. What will Tricia pay for her annual property taxes?

Ricky decided to buy a home for $459,000 in Sacramento. Their house was appraised at $452,000. Sacramento has a property tax rate of 0.81%. How much will the lender allow the borrower, Ricky, to borrow?

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

On a blueprint, a room is 15 ft by 12 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 $1,560. 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

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, include the excess material(15%)? Round up to the next dollar.

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

The width of the house is 16 ft, and the height of the yellow wall is 20 ft. The windows are four by 4 feet, and the door is eight 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%

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.

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?