Tayna wants to buy a $30,000 car. She has three options: Plan A: Pay $30,000 in cash for the car today Plan B: Pay $585 per month for 5 years, the first payment starts exactly one month from today. Plan C: Pay $3500 down payment today and then pay $500 per month for 5 years with the first payment due exactly one month from today.

Assuming an interest rate of 8.25% p.a., all else constant, which of the following options should Tanya choose? a. Plan A b. Plan B c. Plan C d. All three options are the same e. There is not enough information provided to answer this question.

At 8% compounded annually, approximately how long will it take (i.e., which of the following is the closest answer) for $750 to triple? a. 6.5 years b. 48 months c. 9 years d. 14.27 years e. 86.3 months