Most everyone understands personal finance in terms of dollars owed by a particular date, for example, $X owed 2 months from now. Unfortunately, the majority do not understand interest rates well, and relatively few understand interest as explained in the fine print of a time payment plan or a credit card. In most cases, the interest is compounded monthly or quarterly. Suppose your family owes $14,000, a bit less than a recent study shows to be the average household credit card debt in the USA. If you do not make payments or increase your debt level, how much will you owe in 4 years if interest is an unbelievably low 1.0% per month compounded monthly? Click here to access the TVM Factor Table Calculator $ Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is +0.15. e Textbook and Media If you do not make payments or increase your debt level, how much will you owe in 4 years if interest is the commonly used 1.5% per month compounded monthly? Click here to access the TVM Factor Table Calculator $ Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is +0.15. If you do not make payments or increase your debt level, how much will you owe in 4 years if interest is 7% per quarter compounded quarterly? Click here to access the TVM Factor Table Calculator. $ Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is +0.15. e Textbook and Media If you do not make payments or increase your debt level, how much will you owe in 4 years if interest is a nominal 28% per year compounded quarterly? Click here to access the TVM Factor Table Calculator $ Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is +0.15