1. Suppose Taylor has $1,951 in her bank account and her goal is to have $3,950. If her bank gives her 10% APR, how long would it take her to reach her goal? (Round the answer two decimal point)
2. Suppose you have been saving for the last 2 years to buy a 80" TV. If you have been depositing $71 per month in a bank account which gives 7% APR. How much do you now have in your bank account? (Work out the problem on separate sheet of paper before entering the answer.) (Round the answer two decimal point)
3. Suppose you want to start a business. If you can afford a payment of $151 per month and want to pay the loan off over the next 6 years, how much can you borrow now if the bank will charge you an annual percentage rate of 5% APR? (Round your answer to two decimal point)
4. Suppose you want to buy a car today. If you can afford a payment of $166 per month and want to pay the loan off over the next 5 years. Assuming no down payment is required, how much can you borrow if the bank will charge you an annual percentage rate of 4% APR? (Round your answer to two decimal point)
5. Suppose Tamera plans to reward herself with a vacation in Costa Rica for all the hard work she has been putting in. The vacation will cost her $3,025. If she has $1,062 in her account and her bank gives her 9% APR on her deposit, how long would she have to wait to go on her dream vacation? (Round the answer two decimal point)
6. Suppose Omar plans to buy a cash car in 6 years. If he has $1,944 and his goal is to save up $4,265 in 6 years then what interest rate should he be shopping around for? (Round the answer two decimal point)