Suzi is applying for one of two credit cards. Credit card "A" has an annual fee of $132.98 and charges interest of 15%. Where Credit card "B" has no annual fee, but charges an interest rate of 10%. If you carry an average balance of $2,127 on your credit card, What is the lowest total annual expenses you could have with one of these two credit cards?

Question 2: A customer has a credit card balance of $1,063.83 that you were unable to pay off. During the month he purchases another $398.94 worth of products. Also, he made a payment during the grace period of $531.91. Assuming your retail credit card company charges an annual interest rate of 20%, what the new balance of the customer.

Question 3: David wants to purshase a $265,975 house . He saved $66,489.36 in order to make a down payment. He asked the bank for a $212,765.96 loan and agrees to a repayment schedule of EMI based on simple interest of 8% over a period of 10 years. What will be the Equal Monthly Instalment (EMI)?

What is David principal and interest portion in month 5?

What is the total interest that David has to pay over the life of his loan (10) years?

If David wanted to do an extension for his loan maturity to 12 years, how much would be his new EMI and total interest paid?

What do you advise David as a Financial Advisor?