2. You deposit $1500 in an account earning 3.75% interest compounded monthly. A. (2.5pts.) How much will you have in the account in 7 years? B. (1.5pts.) How much interest will you have gained? 3. (2pts.) A payday loan company charges a $60 fee for a $700 payday loan that needs to be repaid in 14 days. Treating the fee as interest paid, what is the equivalent simple interest rate? Use the fact that there are 365 days in a year. Round to the nearest hundredth of a percent. Don't be surprised if the answer is more than 100%. 4. (3pts.) You pay $450 a month for a loan on a car purchase. You are getting a rate of 5.5% compounded monthly, how much is the remaining balance of the loan for the last 2 years