Questions 1-18

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Record your answer on a sheet of paper. 1. The selling price of the home Chuck Hill is buying is $135,000. He must make a 15% down payment. How much will be finance? A $133,500 B $135,000 C 5114,750 D $120,000 2. A townhouse's market value is 5163,000. Rate of assessment is 36%. Tax rate is $75 per $1,000. What is the annual real estate A $4,401 B $4,000 C 5401 D $5,868 3. Selling price: 5276,000. Down payment 25%. Terms: 8% for 15 years. What is the total interest charged? A $145,925.00 B 569,000.60 C $149,205,60 D $194,205.00 4. What is the interest for Martha Sinclair's first monthly payment of a 30-year mortgage loan for 585,000 with a 9% interest rate? A $637.50 B $592.00 C$620.50 D $578.00 5. The market value of Jake Ciocion's home is 5110.450, and the assessment rate is 35% of market value. What is his home's assessed value? A $38,657.50 B $149,107.50 C $42.548.75 D $37,420.55 6. The replacement value of Rebecca Gillian's home is $132,000; she has 80% covered by insurance. What is the dollar amount covered by her insurance! A $122,440 B $132.000 C $105,600 D $106,500 7. Danny Pintere's home cost $210,430, 16 the federal government program for flood damage insurance covers only 25,90% what percent of the total value does this represent? A 36.2% B 45.6' C 56,4% D 65.0% & Emie Kuchar's monthly gross pay is 52,420. His monthly housing costs total $1,145. What percent of his gross pay does this equal? A 46.2% B48.3% C 49.2% D 47.3% 9. Max Roach rents an apartment for 5790 a month. His security deposit is one month's rent. His annual expenses are 53.075 for water and power utilities. 5875 for phone service, 120 for cable, and $15 in lost interest on his security deposit What is his average monthly rental cost? A $1,177.92 B $1,115,42 C $1,176.67 D $1,006.25 10. ALGEBRA Ray Kwan saved S14,500 for a down payment on a home. His bank Tequires a minimum down payment of 20% to qualify for a loan. What is the most he could spend on a home and still receive a loan? 11. Kim Bataglino applied for a 30-year, 585,000.00 mortgage loan. She would repay the loan in equal monthly pay ments. The interest rate would make the monthly payment on a $1,000.00 loan equal $6.32. What is the total amount she will pay on her $95,000.00 loan? 12. Harb Quinn owns a home with a 5245,500.00 market value. It is in an area where the rate of assessment is 42% of market value. If the tax rate were 599.96 per $1,000.00, what would she pay in 13. 48.96 of 512 14. $4,392.44+531 + $0.87 15. $3855252 16. 568 x 3.041 17. 5865,090 x 0.73 18. 0.385 X 9.735 property tax