2. Arrange the following lending institutions in descending order according to their APR's for a $10,000, 2 year loan.

Clinton Park Credit Union 9%

East Meadow Savings 9 1/2%

Tivoli Trust 9 3/8%

First Bank of Rhinecliff 9.45%

Columbia Consumer Finance Corp 9 9/16%

6. Rachel has a 10,000 three year loan with an APR of 7.25%

a. what is the monthly payment?

b. what is the total amount of the monthly payments?

c. what is the finance charge?

8. The policy of the Broadway pawnshop is to lend up to 35% of the value of a borrowers collateral. John wants to use a $3,000 ring and a $1,200 necklace as collateral for a loan. What is the maximum amount that he could borrow from Broadway?