3. Suppose you would like to buy a nice minivan that costs $29,558 at an annual interest rate of 4.5% over a 6 year period. You're trading in your existing car for $11,500. Given this information, what will your monthly payment be? (Hint: calculate how much your loan payment will be after trading in your vehicle)

4. Suppose you have a balance on your credit card of $3,689. The minimum MONTHLY payment is $71 and the annual interest rate is 22.5%. Given this information, how many years will it take to pay back off the balance?