1) If you pay off a $4,200 loan in 12 equal payments over 1 year at 1.50% monthly interest, how much will your payments be each month?

a)$350.00

b)$385.06

c)$413.00

d)None of these

2)If your credit limit is $19,000 and you charge $14,250 and pay back $5,700, what is the maximum amount you can charge?

a)$4,750

b)$5,700

c)$14,250

d)$10,450

3)You have a credit card limit of $2,200. You buy a TV for $1,650. You then make a credit card payment of $550. How much more money can you spend with your credit card before going over the limit?

a)$550

b)$1,100

c)$1,650

d)$2,200