A. Joey realizes that he has charged too much on his credit card and has racked up $5,700 in debt. If he can pay $125 each month and the card charges 18 percent APR (compounded monthly), how long will it take him to pay off the debt?

B. A loan is offered with monthly payments and a 8.75 percent APR. Whats the loans effective annual rate (EAR)?

C. You wish to buy a $29,000 car. The dealer offers you a 6-year loan with a 8 percent APR. What are the monthly payments? How would the payment differ if you paid interest only? (Do not round intermediate calculations and round your final answer to 2 decimal places.)