©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 12:27AM. A+
10.05 Semester Test: Consumer Math Exam
Questions And Answers| Already Graded A+|
Latest Update.
Alice makes $20,504 annually.
What is the maximum monthly rent that she can afford to pay? - Answer✔$478
Which two-bedroom will cost the most to rent monthly?
Assume that electric is $50 and gas is $69. - Answer✔Downtown Apts
How much would you pay in move-in costs for the two-bedroom Hometown Apartment if you
pay first and last month's rent, a $185 security deposit, and a 30 percent fee to the rental
agent?
Round to the nearest dollar. - Answer✔$1,370
Erica makes $4,840 monthly.
What is the maximum loan she can take out on a house? - Answer✔$116,160
Larry has saved $18,500 toward a down payment on a house.
If he makes $3,890 a month, how much can he afford to spend on a house? - Answer✔$111,860
Use this formula to find the value of a house with appreciation:
A=V(1+r)^Y
1
, ©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 12:27AM. A+
When Henry bought his house for $135,700, he was told that it would appreciate at a rate of
five percent per year.
If this remains true, how much will his house be worth in four years? - Answer✔$164,944
House A $125,260 Appreciates 5% each year
House B $120,160 Appreciates 6% each year
Which house is worth more after two years? - Answer✔House A
If Angela's $98,760 home appreciates three percent a year, will she have enough appreciation
to try to sell the home for a $15,000 profit in five years? - Answer✔Yes
If Audrey's home is worth $160,900, and is assessed at 60 percent of market value, what is her
assessed valuation? - Answer✔$96,540
If Nora's house has an assessed value of $76,320 and a real estate tax rate of $2.98 per $100,
what will she pay in real estate tax? - Answer✔$2,274.34
Your full replacement insurance pays the following.
Other Structures 10%
Living Expenses during Repair 20%
Trees and Landscaping 5%
Personal Property 50%
If your home is worth $134,800, how much coverage do you have for other structures? -
Answer✔$13,480
David's monthly house payment is $468.21.
If his annual real estate tax is $1,231 and his annual insurance is $1,087, what is his total
payment to the lender each month?
2
10.05 Semester Test: Consumer Math Exam
Questions And Answers| Already Graded A+|
Latest Update.
Alice makes $20,504 annually.
What is the maximum monthly rent that she can afford to pay? - Answer✔$478
Which two-bedroom will cost the most to rent monthly?
Assume that electric is $50 and gas is $69. - Answer✔Downtown Apts
How much would you pay in move-in costs for the two-bedroom Hometown Apartment if you
pay first and last month's rent, a $185 security deposit, and a 30 percent fee to the rental
agent?
Round to the nearest dollar. - Answer✔$1,370
Erica makes $4,840 monthly.
What is the maximum loan she can take out on a house? - Answer✔$116,160
Larry has saved $18,500 toward a down payment on a house.
If he makes $3,890 a month, how much can he afford to spend on a house? - Answer✔$111,860
Use this formula to find the value of a house with appreciation:
A=V(1+r)^Y
1
, ©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 12:27AM. A+
When Henry bought his house for $135,700, he was told that it would appreciate at a rate of
five percent per year.
If this remains true, how much will his house be worth in four years? - Answer✔$164,944
House A $125,260 Appreciates 5% each year
House B $120,160 Appreciates 6% each year
Which house is worth more after two years? - Answer✔House A
If Angela's $98,760 home appreciates three percent a year, will she have enough appreciation
to try to sell the home for a $15,000 profit in five years? - Answer✔Yes
If Audrey's home is worth $160,900, and is assessed at 60 percent of market value, what is her
assessed valuation? - Answer✔$96,540
If Nora's house has an assessed value of $76,320 and a real estate tax rate of $2.98 per $100,
what will she pay in real estate tax? - Answer✔$2,274.34
Your full replacement insurance pays the following.
Other Structures 10%
Living Expenses during Repair 20%
Trees and Landscaping 5%
Personal Property 50%
If your home is worth $134,800, how much coverage do you have for other structures? -
Answer✔$13,480
David's monthly house payment is $468.21.
If his annual real estate tax is $1,231 and his annual insurance is $1,087, what is his total
payment to the lender each month?
2
