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Eighth Grade (Grade 8) Personal Finance Questions

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Grade 8 Personal Finance
A 30-year mortgage at 10.0 percent for $220,000
  1. 1293.00
  2. 1158.75
  3. 1400.00
  4. 1931.60
Grade 8 Personal Finance
A 20-year mortgage at 10.5 percent for $65,000
  1. 590.00
  2. 1931.60
  3. 648.70
  4. 740.00
Grade 8 Personal Finance
Rent is not considered a fixed expense.
  1. True
  2. False
Grade 8 Personal Finance
Flexible expenses stay about the same each month.
  1. True
  2. False
Grade 8 Personal Finance
A 30-year mortgage at 12.5 percent for $75,000
  1. 1230.00
  2. 1158.75
  3. 800.25
  4. 900.00
Grade 8 Personal Finance

This question is a part of a group with common instructions. View group »

Stan, age 34, travels out of town frequently for his sales job. His company may transfer him to another sales territory within a year or two.
  1. Buy
  2. Depends
  3. Rent
  4. Don't Know
Grade 8 Personal Finance

This question is a part of a group with common instructions. View group »

George, age 24, plans to work full time while completing her college degree in a nearby city.
  1. Buy
  2. Rent
  3. Depends
  4. Don't Know
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