Ivan makes his first deposit of $1500 into a Roth IRA earning 6.5% interest compounded annually at age 36. He continues to make an annual deposit of $1500 until he is 60 (25 deposits in all). With no additional deposits after age 60, the money in Ivans Roth IRA continues to earn 6.5% interest compounded annually until he retires at age 66. How much money is in Ivans Roth IRA when he retires?

RipUOff.com, an online lending service, offers a 48-month auto loan at 13.5% compounded monthly to applicants with poor credit ratings.

If an applicant has a poor credit rating but can afford to make monthly payments of $400, how much can he or she borrow from RipUOff.com?

What is the total interest the applicant will pay for this loan?