1. (Rate of return of an annuity)Paul's Perfect Peugeot says they'll sell you a brand new Italian"Iron Man" motor scooter for $2,500.Financing is available, and the terms are 10% down and payments of $65.00 a month for 40 months.What annual interest rate is Paul charging you?

2. (Rate of return of an annuity)You would like to have $1,000,000 45 years from now, but the most you can afford to invest each year is $1,000.What annual rate of return will you have to earn to reach your goal?

3. (Monthly loan payment)Best Buy has a flat-screen HDTV on sale for $2,500.If you could borrow that amount from Carl's Credit Union at 12% for 1 year, what would be your monthly loan payments?