QUESTION 1
You have accumulated $1003.45 in credit card debt. Your interest rate is 14.24% per year and you will pay it off in 55
months. what will be your monthly payment?
QUESTION 2
You want to purchase a car that costs $29587. You can afford $1027 as a down payment and will borrow the rest. The
bank has offered you a rate of 4.04% on a 4-year loan. What is your monthly payment?
QUESTION 3
You will invest $130 per month. If the rate is 7.30%, how much will you have in 16 years?
QUESTION 4
You will invest $200 per year. If the rate is 9.04%, how much will you have in 5 years?
QUESTION 5
You would like to have $41603 in 9 years.. If the rate is 7.26%, how much do you have to invest each year?
QUESTION 6
You would like to have $31848 in 10 years. If the rate is 8.02%, how much do you have to invest each month?