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1. (Based on section 2.1) Dewey Cheatham and Howe Discount Loans offers Jason $580 in exchange for his $625 paycheck, which he will receive soon.

1. (Based on section 2.1) Dewey Cheatham and Howe Discount Loans offers Jason $580 in exchange for his $625 paycheck, which he will receive soon. If the simple discount rate is 45%, in how many days is Jason expecting his paycheck?

2. (Based on section 3.1) If you invest $6000 at 8% compound interest, by what overall percentage will it grow over the course of 5 years? What is the growth factor for the full 5-year period?

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