1. Rachel has a credit card account that had a balance of $1500 on May 5th. She made a purchase of $125 on May 10th, another purchase of $216 on May 20th, and made a payment of $450 on May 26th.

1) Find the average daily balance if the next billing date is June 5th.

2) If she is charged a monthly interest rate of 1.5%, what is her finance charge?

3) If she is charged an annual interest rate of 4.5%, what is her finance charge?

2. Ava financed $22,000 to buy a car. Bank of America agrees to finance this amount for 5 years at an annual interest rate of 7%, to be paid back monthly. How much would be Avas monthly payment for the car?

4. Eve bought a house of $650,000. She paid 20% as her down payment, and made a loan for the rest of the amount. Her annual interest rate is 3.5%, and she makes quarterly payments. If she is going to pay off her mortgage in 20 years, how much is her quarterly payment?