Math 2 Semester 2 Review

Kayla tracked her spending on her car. Her variable costs included $2,876.40 on gasoline, $75 on oil changes, and $537.09 on maintenance. Her fixed costs included $1,645 on insurance, $61.30 on license/registration and $500 depreciation.

Jenn Oslo lives in Wichita, Kansas. The rate of assessment is 58% of market value. The tax rate is 65.16 mills. The county tax assessor determined that the market value of her home is $120,980.00. What is the real estate tax on her home?

Gabby Jenson deposited $2,500 in a new savings account that earns 4.25 percent interest compounded monthly. She made no other deposits or withdrawals. What was the amount in the account at the end of 5 years. What is the compound interest?

Emmett Lou deposited $1,200 in a new savings account that earns 3.5 percent interest compounded quarterly. He made no other deposits or withdrawals. What was the amount in the account at the end of 2 years. What is the compound interest?

Patty and Doug have applied for a $296,500 loan at an annual interest rate of 5%. The loan is for a period of 30 years and will be paid in equal monthly that include interest. Find the monthly payment. What is the total amount of interest?

Carolyn Cho is shopping for a used car that has an ARV of $12,325. The vehicle that she would like to make an offer on has a sunroof valued at $250. The vehicle has been driven 72,765 miles. $1350 should be deducted. What is ARV?

Home selling price of $198,750. Pay a 15% down. The closing costs being financed include: a credit report,$75; appraisal,$370; title,$155;recording fees,$88; legal fees,$550; and property taxes,$2,340. Closing Cost? Amt financed?

Cayce obtained an unsubsidized federal student loan of $6,100 at 3.825% interest to help finance his final year of college. It was disbursed 289 days before he needed to start making student loan payments. Calculate the accrued interest.

Arion James is making a deposit. He has checks totaling $210.24 and $312.45. She also has 7 ten-dollar bills, 6 five-dollar bills, 7 one-dollar bills, 16 quarters, and 9 dimes. Find the total deposit.

James is shopping for a sports utility vehicle with a base price of $28,175. He wants to add the following options: exterior trim for $350, sunroof for $489, and floor mats for $150. The destination charge is $950. What is sticker price?

Catarina Chow’s bank granted her a single-payment loan of $7,200 for 180 days at 8.5% ordinary interest. What is the maturity value of the loan?

Calculate the adjusted balance when there is a statement balance of $1,236.11, outstanding checks of $190.10 and $84.65, and outstanding deposits of $231.01 and $427.90.

Brooke Mayer obtained a private student loan for $8,175 at 5.91% interest with a term of 15 years. The loan terms required her to start making payments after the loan was disbursed. Calculate her total loan repayment.

You drove a truck 13,410 miles. You spent $4016.70 on gas, $120.75 on oil changes and $798 on maintenance. Spent $2610.85 on insurance, $180.51 on license/registration, depreciated at $675. Find total cost and cost per mile.

Emmy deposited $820 in savings account. No other deposits or withdrawals were made. After 8 months, the interest was computed at an annual interest rate of 3%. How much simple interest did her money earn?

Mathew $1,506.15 in his account. Next day, his car payment of $410.09 was automatically deducted. Then, his payroll check of $752.34 was deposited. The next day, he withdrew $300.00 and wrote a check for $124.82. What is the new balance?