Math Of Personal Finance Section 1 review 2

A $200 dress is marked down by 40%. If tax is 6.75%, what is the cost of the dress?

$128.10

You currently make $12.00 an hour. If inflation for the year is 4.5%, how much will you need to earn hourly to enjoy the SAME standard of living in the next year?

$12.54

What is the six month early pay-off amount for a loan whose monthly payment is $473.00 if the total interest savings is $140?

$2,698

What is the interest on a promissory note with a face value of $5,000, issued for 215 days at 8% interest?

$238.89

Find the interest earned on $1,500 at 7% interest over 90 days using exact simple interest.

$25.89

Which of the following has the lowest unit price?

$3.21 for 50 ounces

Find the future value of $15,000 invested at 4% APR, compounded monthly for 20 years.

$33,338.73

What is the interest paid to the lender on a note where $15,000 was borrowed for 90 days and is discounted at 9%?

$337.50

Calculate the monthly payment for a 3 year car loan of $12,000 with 5% simple add-on interest

$383.33

What is the maturity value of a promissory note with a face value of $5,000 issued for 215 days at 8% interest?

$5,238.89

Using the rule of 78, how much will be saved by paying off a 5 year $20,000 loan after only 3 years, if the monthly payment is $386.66?

$524.52

A 5 pound block of chocolate costs $59.99. What would the equivalent price be for an 8 oz. bar?

$6.00

You have the following heating bills throughout the year: $14.15, $22.45, $30.22, $45.22, $90.77, $112.33, and $143.22. What is the average cost for heating during these months?

$65.48

Of your $1,500 earnings, you invest 7% in a savings plan, of which you allocate 80% towards overseas stocks. What amount of money is being invested in overseas stocks?

$84

What is 17% of 612?

104.04

What is the effective rate for proceeds of $9,716 from an 85 day loan for which a discount of $284 was paid to the bank?

12.4%

Buns come in packs of 8 while hotdogs come in packs of 10. To plan a party for more than 200 people, for how many guests will both packages work evenly?

240

What is two thirds of 418, to the nearest whole number?

279

Evaluate the following expression: 5000(1+ 0.08/12)

5,033.33

Solve for R in the formula I=PRT.

I/(PT)