Purchasing a Car
Lisa and Tomas Lopez are buying a new minivan that has a base price of $22,510. The options total $8,062 and the destination charge is $770. The dealer's cost is estimated to be 91% of the base price and 88% of the price of the options.
What is the sticker price of the vehicle?
$31,342
Mary offered $456,500 for a home that had been priced at $569,500. The seller agreed to the offer. A bank is willing to finance the purchase if she can make a down payment of 20%.
What is the amount of the down payment?
What is the amount of the mortgage loan?
$91,300
$365,200
Lorena can invest $4,000 in a 1-year CD at 4% compounded monthly.
What is the amount?
$4,162.97
The Jacobs' expenditures for the past 7 months were: January, $1,084.45; February, $886,40; march, $968.45; April, $1,142.60; May, $995.80; June, $1,379.86; and July, $1,042.88. What is their average monthly expenditure?
$1,071.49
Calculate the total recruiting cost with advertising expenses $212.50; interviewing expenses $56.80; hiring expenses $3,952.
$4,221.30
Kim Lee is buying a sedan that has a base price of $24,827. The options total $1,242, and the destination charge is $970. The dealer's cost is 90% of the base price and 85% of the price of the options.
What is the estimated dealer's cost?
$24,370
Danielle obtained a $70,000 mortgage loan at 8% for 30 years. What is the monthly payment if the monthly payment for $1,000 loan is 7.34?
$513.80
Kim invests $8,000 in a CD for 1 year. The certificate earns interest at an annual rate of 4.25% compounded quarterly.
What is the amount?
What is the interest earned?
$8,345.46
$345.46
Fay's expenditures for the past 3 months were: August, $1,735.50; September, $1,829.42; and October, $1,793.88. What is her average monthly expenditure?
$1,786.27
$897.45
Georgia wants to purchase a used station wagon. One used-vehicle guide shows the average retail value of the station wagon at $13,000. Add $50 for having tinted windows, $100 for air-conditioning, and $35 for power windows. Deduce $200 for excessive mileage.
What is the average retail price for the station wagon?
$12,985
Al and Viola were granted an $80,000 mortgage. At the closing, they will have to pay the closings costs shown plus real estate taxes of $1,230. What are the total costs?
App fee $252, Credit check $65, Points 2.00% of mortgage, appraisal fee $325, title search $212, title insurance $410, inspection $350, attorney fee $450, Documentation stamp .30% of mortgage, procesing fee 1.10% of mortgage.
$6,014
Tanya purchased 400 shares of Frontier Oil at $19.00 per share and paid a $29.95 commission.
What was the cost of the stock?
What was the total paid?
$7,600
$7,629
The Legrand family's monthly expenses total $3,806.36. If their net income is $3,600, are they living within their monthly net income?
No.
Juan is a computer programmer. His annual salary is $32,190. Benefits he receives consist of $1,881.73 in vacation time, holidays worth $1,287.60, health insurance premiums of $2,300 paid by the employer, Social Security of $1,995.78, Medicare of $466.76, and unemployment insurance of $541.06.
What are the total benefits?
What is the rate of benefits?
$8,472.93
26.1%
Atsuko is going to trade in her 5-year-old car for a new car. A used-vehicle guide shows the average trade-in value is $4,350, plus $100 for air-conditioning, and $50 for an automatic transmission. She deducts $175 for excessive mileage.
What is the average trade-in value of her car?
$4,325
Julie purchased a house for $96,400. They made a 25% down payment and financed the remaining amount at 5.50% for 30 years. Their monthly payment is $373.07. How much of the first monthly payment is used to reduce the principal?
$41.69
Barry owned 400 shares of stock in a car company. He paid a total of $11,580 for the stock. He sold the stock for $29.50 per share and paid a commission of 1% of the selling price.
What was the amount of the sale?
What was the net sale?
What was the profit or loss?
$11,800
$11,682
$102 profit
While preparing his budget sheet, John noticed that his annual expenses were $17,700 while his monthly living expenses were $300 more than his monthly fixed expenses. If John's total monthly expenses were $3,250, find his monthly fixed expenses.
Thomas, age 42, had contributed to Social Security for the past 22 years while working for Ace Construction Company when he became disabled and decided to take disability retirement. Ace Construction Company's expected retirement age is 60. His rate of benefits is 2.00% and his final average salary is $37,850. Find his annual disability benefit and his monthly disability benefit.
$30,280 annual disability benefit; $2,523.33 monthly disability benefit.
Jarrett leased a sports car for $200.50 per month for 60 months. He paid a deposit of $250.00, a title fee of $95, and a license fee of $220.
What is the total lease cost?
$18,535
The Miquels had the following housing expenses for September: mortgage payment of $396.80, $34.15 for insurance premium, $139.40 for real estate taxes, $44.75 for home improvements, $51.20 for electricity, $29.75 for telephone service, $63.84 for natural gas, and $18.50 for water. Their monthly gross pay is $2478.60.
What is their monthly housing cost?
$778.39
What is the total annual dividend?
What is the annual yield?
$1,000
15.27%
$88.40
Workers compensation insurance premiums for service station attendants are $5.12 per $100 paid to employees. The Main Street Service Station has a monthly payroll of $3,675.75. What is the monthly premium for workers' compensation insurance?
$188.20