1=Suppose Capital One is advertising a 60-month, 5.16% APR motorcycle loan. If you need to borrow $7,700 to purchase your dream Harley-Davidson, what will be your monthly payment?

2=You have just taken out a $24,000 car loan with a 8% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan?

3=You have just taken out a $24,000 car loan with a 8% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward interest?

4=You plan to buy a financial product today. You expect that the financial product will give you $150 at the end of first 6 years. Your required rate of return is 8%. What would be fair present value of this financial product?