Review Question 1 If your credit card's APR is 24% compounded daily, what is the effective annual interest rate that you are paying?

Review Question 7 You want to purchase a car with a sticker price of $25,000. The car dealer offers you a $2,000 discount and a 48-month, 8.5% APR compounded monthly, or no discount with a 4.0% APR on a 48-month loan. Which offer is better?

Review Question 8 Repeat the problem above, considering an inflation of 4.0%. How does inflation affect the results of the previous problem? (Inflation is reviewed on p. 168 of the textbook.) Show your work and upload your completed assignment as a Word document to the assignment dropbox.