1) You decide to quit using your credit card and want to pay off the balance of $7,300 in 4 years. Your interest rate is 17.15% compounded monthly. What will your monthly payments be (HINT)? $___________ How much interest do you pay? $__________

2) You want to buy a $21,000 car. The company is offering a 2% interest rate for 36 months (3 years). What will your monthly payments be? $_____________

3) You have $3,000 on a credit card that charges a 15% interest rate. If you want to pay off the credit card in 3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? $ ____________ each month