Question

I have quiet a few consumer math questions, Can someone help me check them and help finish some??
Thankkksss

Answer 1

This is the graph

Answer 2

11. You are purchasing a car for $12,465.00 plus 5.65% sales tax. You make a $1,300.00 down payment and have a fair credit score. How much interest is due at the end of the first month? (1 point)
$


12. If you improved your credit score to good and paid $1,500 on your purchase from question 11, how much interest could you save in the first month? (1 point)
$


13. You have a credit card that has a balance of $3,589.90 and a credit limit of $5,000. How much is the balance over the acceptable debt ratio percentage? (1 point)
$


14. Using the credit card from question 13, if you have a good credit rating, how much must you pay at the end of the month to get the balance to the acceptable debt ratio percentage? (1 point)
$


15. Say that you (or your parents) are purchasing a house for $235,000 and have an excellent credit score. If you pay $1,678.93 at the end of the first month, how much is applied to the principal balance? (1 point)
$

16. Say that you (or your parents) are purchasing a used car for $19,850. The sales tax is 7.5%, the down payment is $1,000.00, and you have an average credit rating. If your first payment is $425.98, how much of the payment goes toward the principal? (1 point)
$

17. Say that you (or your parents) are purchasing a new car for $22,358. The sales tax is 6.45%, the down payment is 10% of the total cost, and you have a poor credit score. What is the lowest amount of interest you could pay at the end of the first month? (1 point)
$


18. Your parents are purchasing a mobile home for $89,000. The sales tax is 4.2%, they make a $3,000 down payment, and they have an excellent credit score. How much is the interest at the end of the second month if their first month’s payment is $925.67?


19. If your parents’ credit rating for question 18 had been average, how much is the principal balance at the end of the first month after applying the $925.67 payment?


20. How much more interest do your parents have to pay at the end of the first month because their rating is good rather than excellent?

Answer 3

you seem to have deleted the option choices, perhaps to nake this look less like a test?

Answer 4

You are purchasing a car for $12,465.00 plus 5.65% sales tax. You make a $1,300.00 down payment and have a fair credit score. How much interest is due at the end of the first month?

Hmm, is this considered a secured or unsecured loan?

Answer 5

thier r no option choiises, && I forgot to post my awsners, plz check and see if they are right, i only need help on a few of them

Answer 6

11) 63.00
12) 48
13) 3500
14) Dont Have
15) 3.00
16) 38.00
17) 15%
18) Dont have
19) Dont Have
20) Dont have

Answer 7

for 11, did you assume a secured or unsecured rate?

Answer 8

i just assume

Answer 9

assumed which rate tho? secured or unsecured?

Answer 10

and 12 is wrong ...

Answer 11

13: is (current debt ratio) - (acceptable debt ratio)

so youll have to determine what the acceptable debt ratio is for comparison

Answer 12

14 is just the interest owed for the current balance, plus the difference needed to lower the balance to the accepted level

Answer 13

@lilhefner3 did you get the correct answers? please help? :)

Answer 14

what is the right answers

Answer 15

11. 63.30
12. 14.68
13. 1,089.90
14. 1,107.55
15. 748.72
16. 326.83
17. 133.88
18. 352.95
19. 89,249.80
20. 18.71

Answer 16

@terezi are you for certain?

Answer 17

yep, i got the answers off the test

Answer 18

are these correct?

Answer 19

all of @terezi 's are correct