Term
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Definition
| (personnel services representative and employment advisor |
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Term
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Definition
| is a regular payment usually made annually or monthly. There are at least two uses of the word annuity. When you are saving for your retirement, your =====is the monthly payment used to build up your nest egg. Another use of the term =====is the regular payment that you allocate to yourself from your nest egg upon retirement. |
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Term
| intermediate or medium term savings plan |
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Definition
| is one that saves money with the attitude that you will make no withdrawals of the money without a carefully planned or qualified emergency |
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Term
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Definition
| is one that you intend to continue throughout the mainstream of your career. You will make no withdrawals except for something like home-buying where you are paying a sizable part of the principal of the home and you are not loosing money. |
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Term
| What is S if r = 0.005, n = 300, and A = $2500.00? Use S = A(1 + r)n. |
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Definition
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Term
| If the monthly interest rate is 1.2%, what is the annual interest rate? |
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Definition
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Term
| If you save $1,200 at the end of each year at 10% annual interest for ten years, what is the accumulated amount of savings at the end of ten years in S = P((1 + r)n – 1)/r? |
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Definition
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Term
| What is the decimal rate of 94%? |
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Definition
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Term
| In the years after graduation, if Elaine earns a minimum of $24,000 and a maximum of $37,500 annually, what is her gross minimum monthly salary? |
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Definition
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Term
| When you allow yourself to borrow up to half of one of your own savings accounts and then with self-discipline not touch it again until you have replaced it, what rule is this? |
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Definition
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Term
| What do you call the office and personnel who specifically assist and keep track of a company’s employees? |
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Definition
| B. The human relations department |
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Term
| What is the percent rate of the decimal rate 0.21? |
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Definition
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Term
| If the annual interest rate is 10%, what is the equivalent decimal number rate? |
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Definition
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Term
| What is S if r = 0.005, n = 300, and P = $100.00? Use S = P((1 + r)n – 1)/r. |
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Definition
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Term
| S = P((1 + r)n – 1)/r is a formula for saving a fixed amount P at the end of each month or at the end of year. When the interest rate is high, how do the savings grow? |
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Definition
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Term
| What is the name for the type of arranged monthly payment that is made from a savings or retirement fund so that the balance may continue to draw interest? |
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Definition
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Term
| If your projected earnings in 10 years are $36,000 per year, what would you save in one year according to the 10% rule? |
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Definition
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Term
| According to the 10% savings rule, if you earn $470.00, you save $47.00. If you earn $150.00, how much do you save? |
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Definition
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Term
| When you save, you earn interest on your savings and even earn interest on the previous year’s interest. What is the name for this type of interest? |
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Definition
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Term
| Which of the following would be the most common retirement age? |
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Definition
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Term
| What is a common exception to the rule that you should never take money out of a long-term savings plan? |
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Definition
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Term
| What is S if r = 0.005, n = 420, and A = $500.00? Use S = A(1 + r)n. |
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Definition
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Term
| If the annual interest rate is 6%, what is the monthly interest rate? |
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Definition
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Term
| What term describes seeing or imagining success in advance and planning accordingly? |
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Definition
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Term
| What is the operation that many calculators perform by using the (xy) or ( ^ ) key? |
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Definition
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Term
| In the years after graduation, if Elaine earns a minimum of $24,000 and a maximum of $37,500 annually, what is her minimum monthly 10% savings amount? |
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Definition
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Term
| According to the 10% savings rule that automatically adjusts to your earnings, how much would you save if your check showed earnings of $187.45? |
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Definition
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Term
| If you save $1,000 at the end of each year at 3% annual interest for twelve years, what is the accumulated amount of savings at the end of the twelve years in S = P((1 + r)n – 1)/r? |
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Definition
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Term
| If you save $1,200 at the end of each year at 4% annual interest for ten years, what is the accumulated amount of savings at the end of ten years in S = P((1 + r)n – 1)/r? |
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Definition
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Term
| If you save $1,800 at the end of each year at 5% annual interest for twenty years, what is the accumulated amount of savings at the end of twenty years in S = P((1 + r)n – 1)/r? |
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Definition
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Term
| To get the final answer to a calculation on a calculator, which key is used? |
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Definition
| A. ( = ) or (ENTER) or (EXE) |
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Term
| If you save $100 at the end of each month at 4% annual interest for ten years, how many months will you save $100? |
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Definition
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Term
| What is the common acronym (abbreviation for a multiword description) for a certificate of deposit savings account? |
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Definition
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Term
| What is the formula for a certificate of deposit account where the lump sum to save is A, the interest rate is r, and the number of interest earning periods is n? |
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Definition
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Term
| What is S if r = 0.006, n = 210, and A = $1500.00? Use S = A(1 + r)n. |
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Definition
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Term
| In the years after graduation, if Elaine earns a minimum of $24,000 and a maximum of $37,500 annually, what is her gross maximum monthly salary? |
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Definition
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Term
| When a certificate of deposit savings account is taken out of the account and placed in another certificate of deposit account, what is the specific concept that describes that action? |
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Definition
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Term
| In the years after graduation, if Elaine earns a minimum of $24,000 and a maximum of $37,500 annually, what is her maximum monthly 10% savings amount? |
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Definition
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Term
| What is the percent rate of the decimal rate 0.06? |
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Definition
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Term
| What is the decimal rate of 7%? |
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Definition
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Term
| If you save $100 at the end of each month at 4% annual interest, what is the approximate monthly interest rate, r? |
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Definition
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Term
| What is S if r = 0.005, n = 180, and P = $200.00? Use S = P((1 + r)n – 1)/r. |
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Definition
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Term
| What is another word for equal-sized certificates of ownership as set up in an incorporation? |
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Definition
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Term
| Jake buys 100 shares of $9.48 per share stock in Humongous Popcorn. How much is his broker’s 1% fee? |
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Definition
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Term
| What term describes cost minus earnings? |
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Definition
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Term
| When you purchase stock in a company, what do you become? |
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Definition
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Term
| The average between the CPI and the PPI is very close to what type of function? |
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Definition
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Term
| Using the formula S = P(1 + r)t, where P is the original principal, r is the annual interest rate, and t is the number of years, what is the Investment Savings, S for P = $4,500, r = 8.8%, and t = 3 years? |
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Definition
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Term
| Using the formula S = P(1 + r)t, where P is the original principal, r is the annual interest rate, and t is the number of years, what is the Investment Savings, S for P = $12,000, r = 8.0%, and t = 11 years? |
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Definition
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Term
| Della Pervis has 200 shares of Seagrin stock at $14.45 per share, and 150 shares of Guttenburg stock at $21.75 per share. What is the current value of her stock? |
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Definition
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Term
| When should you start to invest? |
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Definition
| C. As soon as you become employed |
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Term
| Money market accounts investment results can vary a lot. |
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Definition
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Term
| Your rich uncle leaves you $5,000 in a mutual fund account that earns 4% interest. What is the amount of savings that you have in the account at the end of the first year? |
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Definition
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Term
| The saying, “Don’t put all your eggs in one basket,” reminds one that it is important to do what when investing? |
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Definition
| D. Use more than one investment type |
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Term
| Money market investments usually outperform bond investments. |
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Definition
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Term
| You have $5,000 in a mutual fund account that earns 4% interest. What is the amount of savings that you have in the account at the end of the third year? |
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Definition
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Term
| expecting the price to rise and then sell their stock? |
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Definition
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Term
| What term describes earnings minus cost? |
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Definition
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Term
| What is the price per share of stock for a company worth $18,000,000 that has been split into 100,000 shares? |
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Definition
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Term
| Your late grandmother leaves you $5,000 in a mutual fund account that earns 4% interest. What is the amount of savings that you have in the account at the end of the second year? |
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Definition
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Term
| Jake buys 100 shares of $9.48 per share stock in Humongous Popcorn. What is the cost of the purchase? |
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Definition
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Term
| If the price of Jack and Jill Furniture goes down to $7.42 per share, approximately how many shares can a shareholder buy back with $938.52? |
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Definition
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Term
| What is the value of 200 shares of $21.25 stock? |
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Definition
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Term
| Shawn Dellman has 200 shares of Candid Inc. stock at $14.45 per share, and the stock value rises to $21.18 per share. What is the increase in the value of his stock? |
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Definition
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Term
| What is the concept called in which any business agreement activity takes place? |
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Definition
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Term
| Using the formula S = P(1 + r)t, where P is the original principal, r is the annual interest rate, and t is the number of years, what is the Investment Savings, S for P = $2,900, r = 9.5%, and t = 7 years? |
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Definition
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Term
| What is the value of 155 shares of $11.80 stock? |
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Definition
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Term
| Bonds have a very high rate of return but are risky. |
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Definition
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Term
| What is a collection of people and companies where certificates of ownership in the various companies are bought, sold, and traded? |
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Definition
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Term
| What is an example of something that is not a business transaction? |
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Definition
| B. Interviewing for a job |
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Term
| What is the type of stock that gives you the privilege and right to vote on the board of trustees? |
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Definition
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Term
| Faviola Gearman has 200 shares of Pashcan stock at $14.45 per share, and the stock value rises to $21.18 per share. What is the original or starting value of her stock? |
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Definition
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Term
| Zoe Jackson has 200 shares of Maddison Corp. stock at $14.45 per share, and the stock value rises to $21.18 per share. What is the new value of her stock? |
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Definition
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Term
| What is the behavior called that would compel stockholders to sell because they believe that stock prices are going to fall? |
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Definition
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Term
| In order to begin to invest in the stock market on your own, what is the first thing that you need? |
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Definition
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Term
| What is the name of the kind of stock employees buy so that they get paid first if the company wishes to buy back the stock? |
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Definition
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Term
| When deciding what type of stock to invest in, what is NOT important for you to take into consideration? |
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Definition
| A. The number of shares held by company employees |
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Term
| When you are young, you have certain needs (food, lodging, clothing, etc) that prevent you from investing in high-risk options that could leave you broke if you lose. What are these needs called? |
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Definition
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Term
| A graph that shows irregular intervals of investment results is what kind of graph? |
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Definition
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Term
| Which of the following might NOT be the safest alternative investment option for a new investor who has no experience? |
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Definition
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Term
| Bonds are unreliable investments. |
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Definition
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Term
| The average between the CPI and the PPI is very close to what type of function? [image] |
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Definition
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Term
| What are the two endpoints of the first line segment on the left? [image] |
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Definition
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Term
| What term best describes the graph? [image] |
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Definition
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Term
| According to the table, ia couple Married Filing Jointly earns $67,400, what will their taxes be to the nearest dollar? [image] |
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Definition
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Term
| What is the slope of the linear function in line 28? [image] |
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Definition
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Term
| If a Head of Household makes only $7,000 for the year, what will his/her taxes be to the nearest dollar? [image] |
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Definition
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Term
| If Ed McMahon shows up at your door with $250,000 and your annual earnings are $14,500, what will your taxes be (to the nearest dollar) if you are Married Filing Separately? [image] |
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Definition
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Term
| How many linear segments are in the graph? [image] |
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Definition
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Term
| According to the table, if a Single Individual earns $33,200, what will the taxes be to the nearest dollar? [image] |
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Definition
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Term
| What are the five types of non-equality relations that compare the values on the left and right? |
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Definition
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Term
| What is the name of the function made up of straight line segments? |
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Definition
| B. Piecewise linear function |
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Term
| Solve 3x – 4 > 32 for all acceptable values of x. |
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Definition
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Term
| If a line is perfectly vertical (straight up and down), the slope is undefined. What is the slope of the line which goes through the points (2, 3) and 4, 3)? |
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Definition
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Term
| Which value of x is true for x ≤ 2? |
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Definition
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Term
| If a line is perfectly vertical (straight up and down), the slope is undefined. What is the slope of the line which goes through the points (2, 2) and 2, 5)? |
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Definition
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Term
| If a function has no breaks or gaps in it, what may it be called? |
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Definition
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Term
| In the interval –3 ≤ x ≤ 5, -3 and 5 are values of x that are included as well as all values in between –3 and 5 on the number line. |
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Definition
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Term
| Which value of x is true for x > 16? |
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Definition
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Term
| Which value of x is true for x < 9? |
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Definition
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Term
| The number 19.0 is included in the interval [19.0, 19.5). |
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Definition
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Term
| Which value of x is true for x ≥ -2? |
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Definition
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Term
| What kind of interval is [-2,2)? |
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Definition
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Term
| What kind of interval is (-3,7)? |
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Definition
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Term
| The number 2 is included in the interval –3 ≤ x ≤-1. |
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Definition
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Term
| Solve for x in the expression 3x – 8 = 25. |
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Definition
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Term
| How many different points on a line (as a minimum number) does it take find the slope of the line? |
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Definition
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Term
| 3 is a solution for x in 4x – 8 = 12. |
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Definition
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Term
| What is an equivalent interval notation for –7.2 < x ≤ 4? |
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Definition
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Term
| What kind of interval is [4,7]? |
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Definition
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Term
| Solve 3x – 4 > 7 for all acceptable values of x. |
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Definition
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Term
| The number -18 is included in the interval –25 ≤ x ≤ -18. |
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Definition
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Term
| Another name for a straight line that travels from one point to another and between the two points only is what? |
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Definition
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Term
| What is the slope of the line segment that goes from (0, 5) to (2,15), where in (x,y), the horizontal variable x is in the first position and the vertical variable y is in the second position? |
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Definition
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Term
| Solve for x in the expression 2x – 3 = 13. |
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Definition
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Term
| What is the slope of a line whose points include (2, 9) and (-5, 8)? |
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Definition
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Term
| A relation that has an equal sign is also called an equation because the evaluated expression on the left and on the right are what? |
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Definition
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Term
| Which value of x is true for x ≥ -18 |
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Definition
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Term
| Even though a piecewise linear function may have bends in it, it can be unbroken in which case you can specifically call it what? |
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Definition
| C. Piecewise continuous linear function |
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Term
| The number 6 is included in the interval [-2, 6). |
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Definition
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Term
| 5 is a solution for x in 2x – 10 = 5. |
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Definition
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Term
| What is an equivalent notation for [7, 12)? |
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Definition
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Term
Using the given formula for a loan of $7,000 at 7% annual interest, how much more is the monthly payment for a 12-month term than for an 18-month term?
[image] |
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Definition
Your Answer
C. About $195 |
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Term
Using the above formula, what is the monthly payment for an auto loan of $14,790 for four years at 6.9% annual interest?
[image] |
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Definition
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Term
Using the given formula, solve the following problem: Given that the monthly car payment is $802.21, the annual interest rate is 6.5%, and the finance term is 60 months, what price car can you afford?
[image] |
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Definition
| $41,000 Question Number 28 |
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Term
Using the given formula, what is the monthly payment for an auto loan of $10,000 for three years at 5% annual interest?
[image] |
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Definition
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Term
Using the given formula, solve the following problem: Given that the monthly car payment is $725.00, the annual interest rate is 8.25%, and the finance term is 48 months, what price car can you afford?
[image] |
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Definition
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Term
| In order to enjoy the privilege of driving, what two things must a would-be driver do? |
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Definition
| C. Meet age, training, and license requirements and agree to abide by the law |
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Term
| What does the actual purchase price of the car NOT include? |
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Definition
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Term
A maintenance agreement is sometimes offered by the dealer. You pay a reduced scheduled maintenance fee and agree to have the work done at the dealer’s service department.
Often the service agreement covers other things that may go wrong during the term of the service agreement as well. When is it a good idea to go with the service agreement provided the price and speed of service are acceptable? |
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Definition
| A. The dealer has a good record and reputation in their service department. |
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Term
| Which is NOT a safety consideration for drivers when thinking of others, family, and self? |
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Definition
| C. Make sure all passengers have health insurance. |
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Term
| Which is NOT an important behavior for a driver? |
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Definition
| D. Multitasks well so as not to get too distracted |
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Term
| Using a scientific calculator and the ^ or xy key, evaluate 1.102 x12 – 1. |
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Definition
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Term
| The price on the price sheet of a new car contains a bottom line called what? |
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Definition
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Term
| If Jamaal’s final dealer price for the car he wants is $13,070 and he pays $1,000, what is the most he will have to finance with interest? |
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Definition
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Term
| What will M be in the equation M = S – P, where M is the dealer markup, S is the sticker price, and P is the dealer price? S = $27,293 and P = $21,119. |
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Definition
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Term
| John’s odometer reading the last time he filled up was 27,532.4. This time when he fills up, his odometer reading is 27,809.9. He puts in 16 gallons. What is his approximate gas mileage between the last two fill ups? |
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Definition
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Term
| You can cancel a common a on the left in the case of (a + 1)b/a = 9. |
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Definition
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Term
| Alexis fills up, writes down the number of gallons she purchased, and records the car’s odometer reading. After a short time, she buys gas at a very expensive station, and only puts in $5.00 worth so that she can fill it up at her own gas station later. Since she didn’t fill up, can she still check her gas mileage this time? |
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Definition
| C. No, she cannot check her gas mileage this time. |
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Term
| What will the sales price S be if M = $1,740 is marked up from P = $19,422? |
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Definition
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Term
| Which of the following is NOT a good tip to consider when buying a car? |
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Definition
| D. Select a car, drive it hard during the test drive and return it until you get the car you like. |
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Term
| Which of the following is the most important thing you should do before purchasing a used car from a dealer? |
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Definition
| B. Find a dealer who is reputable and that you feel comfortable with. |
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Term
| What will the approximate markup percentage rate be for M = $1,740 marked up from P = $19,422? |
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Definition
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Term
| Remember that the total cost of a loan includes the monthly payment times the number of months to pay. For a monthly payment of $410.78 for 18 months, what is the total cost of the loan? |
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Definition
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Term
| Remember that the total cost of a loan includes the monthly payment times the number of months to pay. For a monthly payment of $605.67 for 12 months, what is the total cost of the loan? |
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Definition
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Term
| When you derive a mathematical equation, the allowable operations that you can do must be done in what way? |
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Definition
| C. Do the same exact operation to both sides of the equation. |
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Term
| Which is NOT a fair option to bring the price down when shopping for a new car? |
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Definition
| B. Insist that the dealer deduct the sales commission. |
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Term
| If an equation for d is d = rt, what is an equation for r (solve for r)? |
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Definition
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Term
| Alexis Garcia travels 189 miles on 8 gallons of gasoline. What is her gasoline mileage in miles per gallon? |
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Definition
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Term
| John’s odometer reading the last time he filled up was 27,532.4. This time when he fills up, his odometer reading is 27,809.9. How many miles has he driven since the last fill up? |
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Definition
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Term
| If you travel at an average of 65 miles per hour for 4 ½ hours, how far would you travel? Use distance equals rate times time. d = rt. |
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Definition
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Term
| You can cancel a common a on the left in the case of a(b+1)/a = 9. |
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Definition
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Term
| What is NOT an advantage of paying cash to buy a car from the factory where it was made? |
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Definition
| B. Getting extra options for no extra charge |
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Term
| If you drive 360 miles in 5 hours, how fast are you going? Use rate equals distance divided by r = d / t. |
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Definition
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Term
| Using a scientific calculator and the ^ or xy key, evaluate 1.005833 x24. |
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Definition
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Term
| Using a scientific calculator and the ^ or xy key, evaluate (1.102 x12 – 1)/2. |
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Definition
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Term
| Solve for a by adding 5 to both sides of a – 5 = 14. What is the value of a? |
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Definition
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Term
| What is a very efficient way to keep records and be prepared to check your gasoline mileage whenever you get time? |
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Definition
| A. Always fill up and record the information in a notebook kept in the glove compartment. |
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Term
| Which of the following is NOT one of the steps to take before final car buying begins? |
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Definition
| B. Get decision-making advice from a loan manager. |
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Term
| What is the concept that expresses the modern transportation rule? |
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Definition
| D. We live in a mobile society. |
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Term
| What is a description of insurance that includes towing, garage fees, and accident clean up? |
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Definition
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Term
| What is the sum of the following driving times: 2:52 + 2:51 + 1:00 + 2:45 + 1:39? |
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Definition
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Term
| In most cases, if you make only one claim on your insurance, you premiums will not go up. |
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Definition
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Term
| The higher your risk factor, the lower your insurance. |
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Definition
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Term
| Jerome uses the formula P = 2DB to find the approximate six-month premium to expect if the driver risk factor, D is 1.02, and the basic six-month premium is $500. What will his monthly premium be? |
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Definition
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Term
| Part of preparing for the worst is purchasing insurance. Insurance will help you in which of the following cases? |
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Definition
| B. You get into a traffic accident. |
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Term
| Traffic risk rating factors are not commonly determined by what? |
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Definition
| D. The gender of the passengers |
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Term
| Sometimes drivers grow sleepy at the wheel. What is one of the most dangerous things you can do in such a situation? |
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Definition
| D. Turn up the music and open a window to help you stay alert. |
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Term
| What type of automobile insurance pays for claims against you for the injuries and property damage of other persons than yourself? |
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Definition
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Term
| What is sum of the following numbers: 42 + 17 + 99 + 105 + 167 + 43? |
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Definition
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Term
| What is sum of the following numbers: 42 + 17 + 99 + 105 + 167 + 43? |
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Definition
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Term
| What is the name for the loss in value of an item as time passes? |
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| All other things being equal, a higher “deductible” results in a lower premium. |
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Definition
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Term
| What is an effective way of saving monthly in advance in order to buy a car even while your current car is depreciating? |
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Definition
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| If liability insurance pays a maximum $50,000 per person but a maximum of $100,000 per accident, and three people are injured, how much will the insurance pay to the nearest dollar? |
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Definition
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Term
| What type of insurance pays personal expenses due to an accident that was the fault of the other driver who was uninsured? |
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Definition
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Term
| What type of insurance can be waived (refused) if a driver feels that his/her car is not worth insuring? |
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Definition
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Term
| What is the sum of the following numbers: 87 + 42 + 128 + 73 + 11 + 109 + 88? |
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Definition
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Term
| If an insurance policy pays after a deductible of $250, and the accident costs $2,148, how much should the insurance company pay (to the nearest dollar) if approved? |
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Definition
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Term
| The average female driver typically takes more chances than the average male driver. |
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Definition
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Term
| Use the formula P = 2DB to find the approximate six-month premium to expect if the driver risk factor, D is 1.7, and the basic six-month premium is $567. |
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Term
| What is the sum of the following numbers: 328 + 14 + 62 + 138 + 299 + 3? |
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Term
| What is the sum of the following driving times: 12:12 + 3:29 + 3:14 + 7:52 + 1:49? |
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Definition
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Term
| What is the sum of the following driving times: 4:28 + 2:11 + 1:00 + 3:25 + 2:30? |
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Definition
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Term
| Insurance agencies have determined that once a driver goes to sleep at the wheel one time, then he is likely to do what in the future? |
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Definition
| C. Fall asleep again causing an accident |
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Term
| Having the privilege to enjoy the best in life isn’t just about playing games and having fun. You have to earn this privilege. Which of the following plays a major part in earning this privilege? |
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Definition
| A. Being legal, insured, and safe while enjoying the freedom and education of driving |
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Term
| Sandra uses the formula P = 2DB to find the approximate six-month premium to expect if the driver risk factor, D is 1.0, and the basic six-month premium is $567. What will her monthly premium be? |
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Definition
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Term
| Traffic risk rating factors are determined by the insurance service in part by using which of the following? |
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Definition
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Term
| What can cause an increase in insurance premiums? |
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Definition
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Term
| The average college graduate is typically more careless when driving than the average blue-collar worker. |
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Definition
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Term
| In the earnings equation E = QP – AC – V for an insurance company, if E = $0, what happens immediately if there are a lot of accidents not anticipated by the insurance company? |
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Definition
| A. Earnings will go negative. |
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Term
| What type of insurance covers physical damage as a result of accidents not the direct fault of the drivers? |
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Definition
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| Your monthly insurance premiums include Liability ($50), Property damage ($40, Medical ($15), Comprehensive ($40), and Collision ($85). What is your total monthly premium to the nearest dollar? |
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Definition
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Term
| What type of insurance covers the difference between the value of your automobile and the amount of the loan should your car be totaled or stolen? |
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Definition
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Term
| If liability insurance pays a maximum $50,000 per person, and two people are injured, how much will the insurance pay to the nearest dollar? |
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Definition
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Term
| What is an example of a cost that would be saved if you do not drive a car? |
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Definition
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Term
| If the total premium for the six-month insurance premium is $700, what will the monthly premium be? |
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Definition
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Term
| What is the sum of the following driving times: 7:44 + 3:18 + 9:27 + 3:55 + 1:56? |
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Definition
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Term
| What is the sum of the following numbers: 87 + 142 + 928 + 73 + 11 + 291 + 488? |
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Definition
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Term
| Use the formula P = 2DB to find the approximate six-month premium to expect if the driver risk factor, D is 1.2, and the basic six-month premium is $648. |
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Definition
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Term
| Calculator math: Evaluate Q = Pr/x, where P = 21, r = 7, and x = 49. |
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Definition
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Term
| Use a calculator to compute the following: approximate X = (1 + r)n, where r = 0.00536 and n = 23. |
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Definition
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Term
| What is a home sometimes called because certain taxes may be deducted? |
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Definition
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Term
| What can an item or service be called that requires monetary payment? |
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Definition
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Term
| What is the name of the type of store or department in a store that specializes in writing and office supplies and some specialty signs, documents, and forms? |
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Definition
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Term
| Calculator math: Approximate Q = Pr/x, where P = 17.25, r = 3.33, and x = 9.6. |
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Definition
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Term
| What will Edgar Hill’s monthly mobile home payment, M, be if the price of the home, P, is $14,400, the monthly interest rate, r, is 0.006, and the term, n, is 60 months? Use M = Pr(1 + r)n / [(1 + r)n – 1]. |
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Definition
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Term
| Use a calculator to compute the following: approximate Y = [(1 + r)n – 1], where r = 0.0044 and n = 66. |
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Definition
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Term
| Many people do not realize the importance of this until they are older, and then it is almost too late to get in control of their lives. What is it? |
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Definition
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Term
| Which of the following describes a written agreement that sounds a little hard and insensitive? |
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Definition
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Term
| What is a term for accepting others’ goods on a continuing basis without offering anything of value in return? |
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Definition
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Term
| What will Dan Vogel’s monthly payment, M, be if the price of the home, P, is $94,400, the monthly interest rate, r, is 0.006, and the term, n, is 240 months? Use M = Pr(1 + r)n / [(1 + r)n – 1]. |
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Definition
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Term
| What written document between friends or between parents and children is for the protection of both so that the special feelings between them are not taken for granted and assistance and responsibilities are not taken too lightly by either party? |
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Definition
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Term
| A landlord and tenant rental agreement should include all but which of the following? |
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Definition
| D. Job titles of the involved parties |
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Term
| Sometimes when a friend or parent lets you stay in their home, there are expenses for food, utilities, and other things that are taken for granted. What should the appreciative guest do? |
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Definition
| B. Make a regular payment to their host to help with expenses of food, utilities, etc. |
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Term
| Parents often want to share almost everything they have with their children if it would not encourage lazy habits. What is the word for wanting to share without holding back? |
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Definition
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Term
| The values of houses and lands often increase over time even without further enhancement. What is this trait called? |
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Definition
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Term
| What expense do you have when you purchase a home that you do not have when you rent? |
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Definition
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Term
| What is one possible option that is not legitimate for lodging? |
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Definition
| C. Living in a shop zoned for business only |
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Term
| What will Alice Cumberly’s room add-on payment, M, be if the complete price of the room, P, is $19,388, the monthly interest rate, r, is 0.0056, and the term, n, is 30 months? Use M = Pr(1 + r)n / [(1 + r)n – 1]. |
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Definition
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Term
| What is a term which describes how much you own in property and savings and what debts that you are responsible for? |
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Definition
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Term
| A house often appreciates in value, but a car does what? |
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Definition
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Term
| What is the term for the amount of value that you have in a property that you are purchasing or already own? |
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Definition
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Term
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Definition
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Term
| Calculator math: Evaluate Q = Pr/x, where P = 18, r = 5, and x = 3. |
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Definition
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Term
| Calculator math: Evaluate A = 34. |
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Definition
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Term
| Calculator math: Approximate Q = Pr/x, where P = 42.5, r = 3, and x = 2.8. |
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Definition
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Term
| Calculator math: Evaluate A = 43. |
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Definition
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Term
| Find to the nearest cent: M = Pr(1 + r)n / [(1 + r)n – 1], where P = $27,250, r = 0.006, and n = 42. |
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Definition
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Term
| What is one thing that a tenant should do without being asked by the landlord? |
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Definition
| B. Keep rooms reasonably clean |
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Term
| Calculator math: Evaluate A = 3.53. Don't round your answer. |
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Definition
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Term
| What is a name for an official agreement in writing that states the payments, favors, and conditions that each promises the other due to some transaction? |
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Definition
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Term
| Use a calculator to compute the following: approximate to the nearest thousandths place: A = 52.5 |
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Definition
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Term
| Use a calculator to compute the following: approximate M = Pr(1 + r)n / [(1 + r)n – 1], where P = 10,000, r = 0.00583, and n = 24. |
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Definition
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Term
| Use a calculator to compute the following: approximate X = (1 + r)n, where r = 0.006 and n = 17. |
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Definition
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Term
| Use a calculator to compute the following: approximate Y = [(1 + r)n – 1], where r = 0.00583 and n = 11. |
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Definition
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Term
| What will Virginia Rice’ monthly payment, M, be if the price of the home, P, is $44,500, the monthly interest rate, r, is 0.005, and the term, n, is 240 months? Use M = Pr(1 + r)n / [(1 + r)n – 1]. |
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Definition
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Term
| Use a calculator to compute the following: approximate M = Pr(1 + r)n / [(1 + r)n – 1], where P = 100, r = 0.005, and n = 36. |
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Definition
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Term
| Find to the nearest cent: M = Pr(1 + r)n / [(1 + r)n – 1], where P = $23,500, r = 0.00583, and n = 36. |
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Definition
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Term
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Definition
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Term
| What is the word for the gradual but natural wearing out and breaking down of the home and its parts and fixtures? |
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Definition
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Term
| Which is a less expensive way of buying a lodging place? |
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Definition
| C. Purchasing a mobile home |
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Term
| What is a live-in option that is often done as a benefit for the employee? |
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Definition
| B. Living at a jobsite as part of your employment agreement |
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Term
| Preventative maintenance and repairs are necessary to preserve the quality that a house already has. What is a good word for correcting, extending, and enhancing the space, usefulness, and quality of a home? |
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Definition
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Term
| You are a caretaker of an apartment complex, and as part of your compensation or earnings, you get a $450-per-month apartment to live in. You earn as regular wages $2,300 per month. What are your total earnings and benefits per month? |
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Definition
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Term
| What is the set of pipes, valves, apparatus, and fixtures for moving water into the home and for draining used water out? |
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Definition
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Term
| If you earn a commission of 1% of rents collected as office manager, how much do you earn if you collect $14,525 in one month? |
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Definition
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Term
| What is the name for an apartment that, although small, has all the necessary functions of living in a home but has no fancy or expensive embellishments? |
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Definition
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Term
| Liam and Stacie can pay 25% of their combined incomes to buy a house. Liam earns $24,000 per year and Stacie makes $27,780 per year. What is the total amount that they can afford for a monthly house payment? |
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Definition
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Term
| What is the term for the amount of money that the insured pays the insurance company each month? |
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Definition
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Term
| Pedro earns $24,000 per year and Edith makes $27,780 per year. What are their combined monthly earnings? |
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Definition
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Term
| You are a caretaker of an apartment complex, and as part of your compensation or earnings, you get a $450-per-month apartment to live in. You earn as regular wages $2,300 per month. What are your total earnings and benefits per year at this rate? |
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Definition
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Term
| What is the term that means to contact the insurance company with a formal demand that they cover the cost of an accident or damages? |
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Definition
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Term
| What is the vital set of components like shingles, flashing, and other coverings that are part of the home and make up weather-tight protection for all that is inside the house? |
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Definition
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Term
Ralph and Mindy work as caretakers for a housing complex. Ralph earns $1,200 per month for maintenance, and Mindy earns $1,200 per month as rent collector and maintenance dispatcher.
They have an apartment worth $475 per month for which they do not have to pay rent. What is their combined monthly earnings including benefits? |
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Definition
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Term
| What is true in general about higher deductible amounts? |
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Definition
| D. The premiums are lower. |
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Term
| Gabriel must pay a $100 utility deposit to the landlord plus the first month’s rent of $640.00 and an extra month’s rent as deposit in order to move in. What total amount does Gabe have to pay to move in? |
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Definition
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Term
| What can the budget amount be called that is set aside for care and upkeep of property and grounds, including repair and routine checks? |
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Definition
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Term
| Harry and Edith can pay 25% of their combined incomes for house rent. Harry makes $23,500 per year and Edith makes $21,780 per year. What is the total amount of rent that they can afford monthly? |
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Definition
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Term
| In preparing and adding to your list of maintenance items to perform, what is a good thing to do with the list occasionally so that the more important tasks are attended to first? |
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Definition
| C. Prioritize the items on the list |
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Term
| What should NOT be included in a cost estimate of a particular maintenance item? |
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Definition
| D. Parts to be purchased but not for task item and work being estimated |
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Term
| Carissa earns $24,000 per year and Portia makes $27,780 per year. What is 25% of their combined monthly earnings? |
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Definition
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Term
When you buy homeowner’s insurance, as with any other insurance, you get a document that tells what the insurance premium is, what the insurance covers in detail so that all coverage questions can be understood by the insurer and the insured.
What is the name for this document? |
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Definition
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Term
| Jessica Fischer will work part time for $750 per month, and she has a $130 grant per month while attending college. All she has to pay is tuition of $985 per month. How much more does she need to in order to pay her monthly tuition payment? |
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Definition
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Term
| What is the official name for a plan that tells how much money you have to live on and how you will spend it? |
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Definition
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Term
| What is the name for the fee that is charged and held when you rent an apartment so that when you move out, it will be either refunded or used to cover damages and clean-up of your apartment? |
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Definition
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Term
Often, when doing home maintenance, unless you have done a particular activity many times, you underestimate the costs and time it takes to do the task. For example, when working on a plumbing problem, it usually gets worse before you get it fixed.
For this reason, what additional expenses might you want to include? |
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Definition
| D. Miscellaneous or “worst-case” expense |
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Term
| When preparing a household maintenance plan that includes the house and grounds, how could you divide that maintenance into three common categories that are all inclusive and so that each one merits a separate critical list of items to attend to? |
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Definition
| C. Home interior, home exterior, and landscaping |
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Term
Keeping a home in good condition includes caring for all these little necessary and useful devices that enable the home to function. They sometimes double as sockets, holders, covers, and decoration.
What is the general name for these small items that we find around the house? |
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Definition
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Term
| Budgets for household purposes are usually laid out for what period of usage? |
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Definition
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Term
Dylan has made a claim for an injury of a visiting ten-year-old who broke a toe in the family swimming pool. The pool has a rough finish on the side that caused the child to jamb and break the middle toe on the left foot.
The entire bill was $1,785.42, plus a 6.635% tax. How much is the tax on the bill? |
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Definition
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Term
Dylan has made a claim for an injury of a visiting ten-year-old who broke a toe in the family swimming pool. The pool has a rough finish on the side that caused the child to jamb and break the middle toe on the left foot.
The entire bill was $1,785.42, plus a 6.635% tax. How much is the insurance coverage if 100% is covered? |
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Definition
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Term
| An important thing in real life and in mathematics is to be able to establish a unique identification and a one-to-one relationship between objects and functions. How can this be done practically with a list of household maintenance tasks? |
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Definition
| D. List them by number and/or unique description |
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Term
How much will the Jorgensons need to move into and use their new home? The first month’s payment is $1,050. The phone deposit is $45. The electric deposit is $120. The gas will not require a deposit, but they must buy a new refrigerator for $625.95.
There are no other lodging expenses during the first month. |
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Definition
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