1. Lisa has a $1900 credit card balance that she revolves month to month. What is her minimum monthly payment if the credit card company calculates the payment based on 6% of the outstanding balance? 2. Anthony owes $2550 on his credit card with a minimum percentage of 4% or $76.50, whichever is higher. How much is the minimum payment due? 3. Helen borrowed money from her credit union using her car as collateral. The monthly interest rate on the loan is 0.32%. There were no other fees associated with the loan. What is the APR of Helen's car loan? Assume 12 equal months. 4. Laura just received a credit card offer in the mail. The credit card has an APR of 20.76%. What is the monthly interest rate that will apply to any unpaid balances on this credit card? Assume 12 equal months. 5. What is the approximate monthly mortgage payment if the loan amount is $250000, the annual interest rate is 6%, and the loan duration is 20 years? (Hint: You may need to review time value of money calculations). 6. Sandra owns a house with a fair market value of $171000. When she purchased the home, she paid $215000, but that was several years ago. She currently owes $196000. How much equity has Sandra built since she first purchased the house? 7. Kevin has cash in a savings account totaling $9150, and his monthly expenses are $3050. What is his emergency fund ratio? 8. Your neighbor has monthly expenses totaling $3620. His employer has indicated that the firm is expecting to announce layoffs soon. How much should your neighbor have in an emergency fund if he wants to cover 6 months of living expenses?