1) David needs to take out a $800 short term loan to pay for tuition. The school offers him two options. Option One - He pays the $800 and a $75 processing fee or Option Two - He pays the $800 with an 8% interest rate and a 6 month term. Which is the better deal? Choose and do ONE of the following: 2. Jim wants to save money to purchase a $15,000 used truck. He decides to make monthly deposits in an account earning 6% interest, compounded monthly, for five years. How much does his monthly deposit need to be? 3. Jim decides not to wait to purchase a $15,000 used truck. Due to his decent credit score he gets a 5% interest rate - compounded monthly - and a 6-year term. What will his monthly payments be?

1) David needs to take out a $800 short term loan to pay for tuition. The school offers him two options. Option One He pays the $800 and a $75 processing fee or Option Two - He pays the $800 with an 8% interest rate and a 6 month term. Which is the better deal? Choose and do ONE of the following: 2. Jim wants to save money to purchase a $15,000 used truck. He decides to make monthly deposits in an account earning 6% interest, compounded monthly, for five years. How much does his monthly deposit need to be? 3. Jim decides not to wait to purchase a $15,000 used truck. Due to his decent credit score he gets a 5\% interest rate - compounded monthly - and a 6-year term. What will his monthly payments be? 1) David needs to take out a $800 short term loan to pay for tuition. The school offers him two options. Option One - He pays the $800 and a $75 processing fee or Option Two - He pays the $800 with an 8% interest rate and a 6 month term. Which is the better deal? Choose and do ONE of the following: 2. Jim wants to save money to purchase a $15,000 used truck. He decides to make monthly deposits in an account earning 6% interest, compounded monthly, for five years. How much does his monthly deposit need to be? 3. Jim decides not to wait to purchase a $15,000 used truck. Due to his decent credit score he gets a 5% interest rate - compounded monthly - and a 6-year term. What will his monthly payments be