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You are financing a new car purchase. The car sticker is $34,750.00. You negotiate down to a selling price of $28,025.00 and are going to

  1. You are financing a new car purchase. The car sticker is $34,750.00. You negotiate down to a selling price of $28,025.00 and are going to put 7% down. The dealer offers you financing at 7% for 5 Year with monthly payments. Calculate and enter your solution in the test answer block.
    1. You are financing how much? The amount financed is $ _________________.
    2. Calculate the monthly payment you will have using either your TI calculator or one of the formulas from the formula sheet.

Your monthly payment is: $___________________. (Round to the nearest dollar)

  1. You will pay $________________ total over the life of the loan?
  2. You will pay $ _________________ in Interest over the life of the loan?

  1. Chance and Brianna buy a pizza for $10 that is half pepperoni and half veggie. They cut the pizza into 8 slices. If Chance likes veggie three times as much as pepperoni, what is the value of a slice that is half pepperoni, half veggie?

  1. Three heirs (A, B, C) must fairly divide an estate consisting of three items - a house, a car, and a coin collection - using the method of sealed bids. The players' bids (in dollars) are:

A

B

C

House

$180,000

$210,000

$220,000

Car

$12,000

$10,000

$8,000

Coins

$3,000

$6,000

$2,000

  1. What is As fair share?
  2. Find the initial allocation.
  3. Find the final allocation.

  1. A die is rolled twice. What is the probability of showing a 5 on the first roll and an even number on the second roll?

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