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- Grade Received: 95.0% (57.00 pts out of 60.00 pts)
- Question Number 1 Points: 5.00/5.00
- Question Text
- In order to enjoy the privilege of driving, what two things must a would-be driver do?
- Your Answer
- C. Meet age, training, and license requirements and agree to abide by the law
- Question Number 2 Points: 5.00/5.00
- Question Text
- If an equation for d is d = rt, what is an equation for r (solve for r)?
- Your Answer
- B. r = d/t, t ≠ 0
- Question Number 3 Points: 5.00/5.00
- Question Text
- Which is NOT a safety consideration for drivers when thinking of others, family, and self?
- Your Answer
- C. Make sure all passengers have health insurance.
- Question Number 4 Points: 5.00/5.00
- Question Text
- Using the given formula, what is the monthly payment for an auto loan of $10,000 for three years at 5% annual interest?
- Your Answer
- B. $299.71
- Question Number 5 Points: 5.00/5.00
- Question Text
- Using the given formula, solve the following problem: Given that the monthly car payment is $650, the annual interest rate is 7%, and the finance term is 36 months, what price car can you afford?
- Your Answer
- C. $23,000
- Question Number 6 Points: 0.00/5.00
- Question Text
- Use the given formula to solve the following problem: When the amount financed is $12,000, the monthly payment is $422.36, and the annual interest rate is 6.65%, how long do you have to pay?
- Your Answer
- B. 27 months
- Question Number 7 Points: 5.00/5.00
- Question Text
- The price on the price sheet of a new car contains a bottom line called what?
- Your Answer
- D. Sticker price
- Question Number 8 Points: 5.00/5.00
- Question Text
- 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?
- Your Answer
- A. The dealer has a good record and reputation in their service department.
- Question Number 9 Points: 5.00/5.00
- Question Text
- Using a scientific calculator and the ^ or xy key, evaluate 1.102 x12 – 1.
- Your Answer
- B. 2.20759
- Question Number 10 Points: 5.00/5.00
- Question Text
- 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.
- Your Answer
- C. $6,174
- Question Number 11 Points: 0.00/5.00
- Question Text
- Using the given formula, solve the following problem: Given that the monthly car payment is $357.50, the annual interest rate is 6.75%, and the finance term is 36 months, what price car can you afford?
- Your Answer
- A. $10,425.80
- Question Number 12 Points: 5.00/5.00
- Question Text
- What will the sales price S be if M = $1,740 is marked up from P = $19,422?
- Your Answer
- C. $21,162
- Question Number 13 Points: 5.00/5.00
- Question Text
- Which of the following is NOT a good tip to consider when buying a car?
- Your Answer
- D. Select a car, drive it hard during the test drive and return it until you get the car you like.
- Question Number 14 Points: 5.00/5.00
- Question Text
- Using the above formula, what is the monthly payment for an auto loan of $14,790 for four years at 6.9% annual interest?
- Your Answer
- C. $353.48
- Question Number 15 Points: 5.00/5.00
- Question Text
- 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?
- Your Answer
- C. $41,000
- Question Number 16 Points: 5.00/5.00
- Question Text
- Alexis Garcia travels 189 miles on 8 gallons of gasoline. What is her gasoline mileage in miles per gallon?
- Your Answer
- C. about 23.5 mpg
- Question Number 17 Points: 5.00/5.00
- Question Text
- 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?
- Your Answer
- C. $7,394.04
- Question Number 18 Points: 5.00/5.00
- Question Text
- 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?
- Your Answer
- D. $7268.04
- Question Number 19 Points: 5.00/5.00
- Question Text
- 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?
- Your Answer
- C. No, she cannot check her gas mileage this time.
- Question Number 20 Points: 5.00/5.00
- Question Text
- 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?
- Your Answer
- A. $12,070
- Question Number 21 Points: 5.00/5.00
- Question Text
- Solve for a by adding 5 to both sides of a – 5 = 14. What is the value of a?
- Your Answer
- D. a = 19
- Question Number 22 Points: 5.00/5.00
- Question Text
- Which is NOT an important behavior for a driver?
- Your Answer
- D. Multitasks well so as not to get too distracted
- Question Number 23 Points: 5.00/5.00
- Question Text
- What is NOT an advantage of paying cash to buy a car from the factory where it was made?
- Your Answer
- B. Getting extra options for no extra charge
- Question Number 24 Points: 5.00/5.00
- Question Text
- 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?
- Your Answer
- C. About $195
- Question Number 25 Points: 5.00/5.00
- Question Text
- Which of the following is NOT one of the steps to take before final car buying begins?
- Your Answer
- B. Get decision-making advice from a loan manager.
- Question Number 26 Points: 5.00/5.00
- Question Text
- What does the actual purchase price of the car NOT include?
- Your Answer
- A. Additional features
- Question Number 27 Points: 5.00/5.00
- Question Text
- What is a very efficient way to keep records and be prepared to check your gasoline mileage whenever you get time?
- Your Answer
- A. Always fill up and record the information in a notebook kept in the glove compartment.
- Question Number 28 Points: 5.00/5.00
- Question Text
- 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?
- Your Answer
- C. 277.5 miles
- Question Number 29 Points: 5.00/5.00
- Question Text
- What will the approximate markup percentage rate be for M = $1,740 marked up from P = $19,422?
- Your Answer
- B. 9.00%
- Question Number 30 Points: 5.00/5.00
- Question Text
- Which is NOT a fair option to bring the price down when shopping for a new car?
- Your Answer
- B. Insist that the dealer deduct the sales commission.
- Question Number 31 Points: 5.00/5.00
- Question Text
- Which of the following is the most important thing you should do before purchasing a used car from a dealer?
- Your Answer
- B. Find a dealer who is reputable and that you feel comfortable with.
- Question Number 32 Points: 5.00/5.00
- Question Text
- 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?
- Your Answer
- B. 17.3 mpg
- Question Number 33 Points: 5.00/5.00
- Question Text
- If you drive 360 miles in 5 hours, how fast are you going? Use rate equals distance divided by r = d / t.
- Your Answer
- D. 72 mph
- Question Number 34 Points: 5.00/5.00
- Question Text
- What is the concept that expresses the modern transportation rule?
- Your Answer
- D. We live in a mobile society.
- Question Number 35 Points: 5.00/5.00
- Question Text
- Using a scientific calculator and the ^ or xy key, evaluate 1.005833 x24.
- Your Answer
- D. 1.149797
- Question Number 36 Points: 5.00/5.00
- Question Text
- Using a scientific calculator and the ^ or xy key, evaluate (1.102 x12 – 1)/2.
- Your Answer
- A. 1.10380
- Question Number 37 Points: 5.00/5.00
- Question Text
- Use the given formula to solve the following problem: When the amount financed is $15,480, the monthly payment is $621.33, and the monthly interest rate is 0.00583, how long do you have to pay?
- Your Answer
- C. 27 months
- Question Number 38 Points: 5.00/5.00
- Question Text
- 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.
- Your Answer
- C. 292.5 miles
- Question Number 39 Points: 5.00/5.00
- Question Text
- 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?
- Your Answer
- B. $29,555.50
- Question Number 40 Points: 5.00/5.00
- Question Text
- When you derive a mathematical equation, the allowable operations that you can do must be done in what way?
- Your Answer
- C. Do the same exact operation to both sides of the equation.
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